What the iPad needs is an app that will receive any audio the professor records on HIS/HER iPad or macbook as he lectures. You have a code to log in with each class/professor. Everyone in the class has to have the app on either their iPhone, Touch, or iPad. At the beginning or end of class the professor can also send his/her written notes to everyone logged in for the class. Slides/support photos can also be broadcast to all the students and appear on their devices.
Most importantly, a student could log in for the class and receive all the content even if they were home sick with the flu.
The professor gets a report of how many/who logged in during class, and can choose to make the content available live as it is presented, only during class, or anytime after it is presented in class.
Just a thought. Disclaimer: I am a college professor.
Off-topic but this is not the right way to do this since you're locking the system down to Macs and not to mention there's no need for students in the class to get audio/video live. They should be paying attention unless in large class rooms in which case, there should be speakers and extra large projector showing the professor at different angles as well as his powerpoint next to him.
Professors should be the one wearing a microphone as well as a video recorder (also act as projectors in large class rooms) in the room. Support files like the PPT/PDFs should be available just one day before class. The final audio/video files should be available with closed captioning support for all students in the class in open formats after class. (Additional notes at the bottom.)
The courseware should already have student authentication system using the college's ID system and it should already have timers for making content available at specific time set by the professors. Professors has to make the content available the day before class to give the students a chance to download it and load it before class and to give extra time to resolve any issues like wrong files or corrupted files. Suppose if the class room have no Internet?
Additional Notes:
Now about the closed captioning, I'm hard of hearing myself, so I have a lot of experiences in college about different methods of presenting content to people with disabilities but as it turn out, people actually wants the same accessibility as the deaf students commonly get (due to federal funding or college polices, those content to the deaf are not available to the hearing students).
The most popular favored methods of the deaf in the classrooms are real-time captioning done by a professional captioner with a note taker in the room for any info on the board that can't be entered via the computer. The deaf students get a tablet or a notebook (depending on the budget) which receive the captions from the captioner in real time. In some cases the captioner can also receive messages from the student to ask questions but usually there's already an interpreter in class room for those purposes but in the future the interpreter might not be in those rooms as they would be re-assigned to classes without real time captioning. The captions are than converted into a printout for the students to download and those printout are very sought by all students, not just deaf students. Those captions actually become very valuable notes/references which can be annotated by the students for studying and just an easy method to remember everything that happened in all class sessions. This is the method that I love the most and the reason i bring this up, is that those captions can be converted into closed captions for the video recording of the classes and the text is just much more accurate and understandable than any audio recording since not all professors can be understood well (indian professors are the worst rated professors by the deaf students since many interpreters have issues understanding them) but so far the captioning was working since professors usually get a copy as well and can correct it for students.