If she's at home, that'll work fine. But I don't know how you would know if she's away at school until it's too late. Frankly, the best way (it's the way that my parents used with me) is to teach kids how to drink responsibly and how to protect themselves at college. IMO, the girls who get themselves into trouble in college are the naive, good girls, whose parents just tell them don't drink because I said so and don't provide any sort of guidance or leeway.
She's residential at the college, but it's close enough that I could make her commute if needed. And I make her come home on the weekends, which avoids a lot