"
We got furious about this because the police were protecting the UDF supporters and we rushed to torch their regional office
"
Student leader
The students took to the streets after thousands of Mr Muluzi's supporters marched in the commercial capital, Blantyre, to back the president's move.
Police dispersed the students after firing tear gas.
Mr Muluzi's attempt to run for a third term has divided Malawians, and a parliamentary bill to this effect was shelved earlier this week.
But this has angered members of his United Democratic Front (UDF) who have intimidated opposition MPs.
Library attacked
Hundreds of students hurled stones at Mr Muluzi's sympathisers, who themselves carried stones, machetes and knives.
"We got furious about this because the police were protecting the UDF supporters and we rushed to torch their regional office," a student leader said.
UDF supporters waving banners reading "He will stand again" had broken all the windows of the university library.
After the students were dispersed by police, the Muluzi supporters marched back through the city under police escort.
There were no reports of injuries or arrests.
Controversial
Feelings have been running high in Malawi over the third term issue, and when a parliamentary started on Monday, police had to fire tear gas to disperse some 4,000 people protesting against the bill.
Police also had to intervene in parliament to prevent fights breaking out between rival MPs after the bill was withdrawn.
On Tuesday, Mr Muluzi sacked Commerce and Industry Minister Peter Kaleso because of his opposition to the 'third term' bill.
A similar bill was narrowly defeated in July last year.
Unless the constitution is changed, Mr Muluzi is due to step down in 2004, when he is due to finish his second term in office.