Number Range scenario...best way of handling?

I was looking at a possible scenario:
There is one university with 100 colleges under it which is implementing HE-R.These colleges offer 500 programs of study in all.( 100 colleges * 5 programs each).Each register around 400 students to a program around the same time( Total students=500*400=20000).
In this scenario,how will the university administrator register students in a way that using the number range,he can differentiate a student on the basis of his college and program?
Some options which came to my mind was that he would create 500 number ranges and assign the same whenever a student is to be booked to the respective programs.The other option probably is that the administrator would change the 'current number'in the number range interval node. Do send your thoughts on the same.

Yes, that is true for externally assigned ranges. However, if you use an internally managed number range, then the only thing you can change the number to is an externally managed number range. You could not change it to a number that is in any the INTERNAL number range.
The intelligent numbering is possible of course, but still introduces more problems than it addresses, and also much complexity, as you can see. Whenever an administrator pulls up a student record, all of the relevant organization and program data are displayed prominently in the student header. It is much easier to see that information directly than it is to remember the several dozen or hundreds of coded ranges.
Consider the analogy to general ledger accounts. Almost every legacy financial system uses intelligent G/L account numbering. Almost every customer that migrates to SAP starts off believing that those intelligent numbers are needed in SAP. In the end, though, it almost always becomes clear to all users (except for the most stubborn ones who will never be happy with any change whatsoever) that the SAP G/L structure is far more flexible and easier to report off of than any intelligent numbering scheme could be.
Perhaps in the legacy student system, the intelligent numbering is NECESSARY, because it is otherwise cumbersome and difficult to see the organization and program context of the student. This just isn't the case with SAP Student Lifecycle Management. We cannot take all the 'requirements' at face value. I would suspect that the real requirement is not 'We need intelligent numbering', but that 'We need to be able to easily and quickly ascertain the student's school and program'.

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