On another note:
Students who can speak intelligently about designing for manufacturing seem to a have a large edge.
So many of the industrial design jobs deal with designing injection molded products so why not equip students to speak intelligently about that.
I have had friends get asked in interviews how a part they designed would be made. While its discussed in school I feel that most students never think about the mfg process when designing in CAD.
Idea for the $10,000 = Get a desktop injection molding machine
Allow students to learn with the actual equipment used for consumer product.
Use it for demos. Learn about draft angle and designing for 2 part molds. Discuss mold design. Allow students to make parts for projects. Design products with real snap fits ect.
http://www.apsx.com/APSX-PIM-Desktop-Injection-Molding-p/apsx_pim.htm