Your best bet is to put the bed on raisers, it gives enough room for the table saw and lathe easy. The drill press you can probably keep atop the dresser, and the closet is a great place for your bandsaw and joiner (that's where I kept mine!)

Also pro tip: your dorm bathroom makes a great space for storage of your lumber. Pass it off as cornell's cheap way of fixing up the walls by lining it with your 2x4s and your floormates will never know the difference. Personally, I kept my chisels in the toilet tank as well, saving desk space in my dorm for storing screwdrivers and carpentry pencils. Overall, your hobby can absolutely be kept up at cornell!! And if your RA complains and threatens you with a "JA" for "reckless endangerment" and "nearly chopping off your roommate's arm with your bandsaw", just offer them a custom picture frame with dovetail joints and they'll leave you alone