Well at my university it isn't automatically offered. Those who want it done usually have to ask, and keep asking so nobody forgets. I have had several friends of mine who wanted to have their recital recorded, but it requires you to constanly bug the chair of music so he doesn't forget to tell someone to do the job. There really isn't a set system for doing this. I asked for my own recital to be recorded - I was done but I never received the CD.
Those who want their recital recorded usually end up asking friends with MiniDiscs because it is much more reliable than going through the department.
Now that I've got decent recording equipment I'd like to offer a good quality recording for a bit of cash in return. I hope to be more reliable than the music department has been.
Another thing: I am now an alumni, not a student so I'm not sure if the would like to higher a non-student to do the job. Mind you, those student's who do stuff like this through the music department only get paid $10 - $20 at most by the department.
I'm not doing video. That is just a whole load of editing time and computer power required. I'm offering the 24 bit 48kHz files because some people with digital video cameras would be able to overlay my audio files onto their video. It would give a lot better sound than those video camera mics.
I like to record the recitals uncut, then edit at home (about another hours work) so I don't miss anything important.
If it's any relavance I charge $30 for a 1 hour piano lesson.