Now I dont think this would be a problem in a single dorm as you could just put the lathe where you have room, machine and clean when you are finished. However, I live in a triple so I have to be somewhat considerate of my two other roommates, to make matters worse the dorm is carpeted so chip collection will be very important.
At first I was thinking I could just get a shop vac and mount it in a way that it would collect chips while I machine but this would be even louder than the lathe and would get quite annoying. So right now my plan is to take my basically unused closet, put a small desk with my lathe mounted inside, and have a plastic "net" that opens up when I open the doors. This way all the mess should be contained inside the closet and I can accumulate quite a few chips before I need to vacuum. The plastic should also help keep any chips from getting into the carpet.
Any input on this idea or a better one would be great.
heres my dorm

and a picture of the closet
