Best thing is to own-up as soon as possible - if you lie, and they find out, then expect to get kicked out. You are likely to get a lighter punishment if you help them and explain what you were doing, etc.
Before you say anything, you should check thoroughly the agreement you signed when they provided the service - so you know exactly which terms of the T&C you broke.
If you help them, promise not to do it again, and have a generally good attendance and discipline record then I would expect them to let you stay, but they may impose conditions on your attendance.
For example, when I went to Uni, a severe breach of computer regulations could lead to a total ban on using any University managed/owned computer facilities (e.g. public workstations, department labs, e-mail, network, ISP service, etc.) If they do choose to impose such a condition, I hope for your sake you're not doing a computing or engineering course; it could get difficult without access to computer facilities.
Before you say anything, you should check thoroughly the agreement you signed when they provided the service - so you know exactly which terms of the T&C you broke.
If you help them, promise not to do it again, and have a generally good attendance and discipline record then I would expect them to let you stay, but they may impose conditions on your attendance.
For example, when I went to Uni, a severe breach of computer regulations could lead to a total ban on using any University managed/owned computer facilities (e.g. public workstations, department labs, e-mail, network, ISP service, etc.) If they do choose to impose such a condition, I hope for your sake you're not doing a computing or engineering course; it could get difficult without access to computer facilities.
