I just wanted to upload bigger videos and avoid having to repeatedly type in CAPTCHAS. So I tried to verify my account, but no go, because I don't meet either of the 2 criteria. Reece @ Facebook Customer Operations confirmed:

There are are only 2 ways to verify your account.  The first way is through your mobile phone.  The second way to stop seeing captchas is to affiliate with a college network.  If your school provides you with an email address, you can add a college network from the "Networks" tab of the Account page.

Thanks for giving the time to help me, Reece. I just wish it wasn't so limited, because, given that we had a person-to-person email exchange, I would think I qualified for person-ship!

I asked if exceptions were made. But sadly, no.

This seems ridiculously shortsighted. Then again, Facebook was founded on college social networking, so it doesn't seem like they'd be missing out a big opportunity. But still, they do have numerous workplace networks (like Linden Lab's), so why don't those count?

Interestingly, I just checked upload limits while logged in, and it now says:

Please upload a file only if:
  • The video is under 300 MB and under 20 minutes.
  • The video was made by you or your friends.
  • You or one of your friends appears in the video.

Which is up from the 2-min. limit I saw before. Did something else change? :)