at NAU, we don't meter the bandwidth that I know of, but if you're seriously hindering performance or availability of the network for other users, we do something about it. What I'd do if it's possible is just install a software limiter of the bandwidth on your machine, or set up your own little router that limits the speed at which your server can transfer files to the Internet so you don't get put on any kind of bandwidth-hogging list.

Of course, that's presuming your university doesn't specifically forbid running servers.