I dunno.
The students are going to be there for about 4 years, maybe, then they're gone.
The College presumably has a multitude of responsibilities they have to meet year in and year out in perpetuity, in many areas not limited to financially.
The College also presumably may have some interest in the academic quality of the students they admit. (Although the demands might tend to belie that supposition.)
The College doesn't need a bunch of inexperienced baby thugs trying to bully them.
So...
I'd give each student-thug one week to submit a formal written/notarized repudiation of theses "demands" or face immediate expulsion.