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Yes, sidkid, it is the MAC address. The uni ties the MAC address of each student's computer to their login id.
When students arrive at the uni, they have to register their computer in order to get access to the uni's network and if a student replaces their computer (or switches to using a wireless dongle instead of the internal wireless connection), they won't have access to the network until they register the new machine's/dongle's MAC address.
I don't know the details, but my guess would be that as part of their login, the uni's network verifies that the MAC address of the computer matches the one they have registered for the login, and will refuse access if they don't match. That would allow students to keep their normal network access no matter where they are, and stop people who get hold of student logins and passwords from getting access unless they have the right computer.