I graduated from Oberlin College way back in 1985, and I now live in Philadelphia, PA.
Yes, I think the college would be very interested in having a role in promoting awareness and use of the route. In fact, I contacted the alumni magazine last week to tell them that many alumni would be excited about the bike route and to suggest that the magazine publish an article about the topic.
Ideally, I wold like to see the college develop a permanent exhibit about the Underground Railroad that would include a slide show or film. (The Lorain Public Library has assembled a slide show, called the Underground Railroad: The Lorain County Connection, that is available for free loan.)
There are three places on campus that are open seven days a week that would be perfect for an exhibit. The first location is the Seeley G. Mudd Learning Center, which is the main library for the college. The second location is Peters Hall, which is the student union building. The third location is the Oberlin Inn, an on-campus hotel owned and operated by the college. (In fact, the Adventure Cycling map should list the Inn as a place for lodging in Oberlin.)