Odegaard Library computer labs have Adobe Creative Suite programs (such as Illustrator) as well as font libraries that are free for you to use. Just don't forget to SAVE A PDF version of your layouts if you want to print elsewhere, because you can't take the fonts with you.
Good type foundries/sites to look at and purchase typefaces:
http://www.adobe.com/type/
http://type-together.com/
http://vllg.com/
http://www.typography.com/
http://www.youworkforthem.com/fonts/
http://www.veer.com/products/fonts/
http://www.fontbureau.com/
http://processtypefoundry.com/
http://www.fontsquirrel.com/
http://www.alvit.de/blog/article/20-best-license-free-official-fonts
http://fontfabric.com/
http://www.unstage.com/2010/02/70-of-the-best-free-fonts-for-graphic-designers/
http://www.typographyserved.com/
http://friendsoftype.com/
http://www.typography.com/ask/index.php
http://ilovetypography.com/
http://spiekermann.com/en/
http://www.typojungle.net/home/
http://www.hypefortype.com/blog/
http://www.typegoodness.com/
http://www.typejockeys.com/blog
http://fontfeed.com/
http://typographica.org/