What, specifically, are you teaching in the room? Will/does it involve critical listening of playback material? More importantly, does it involve making decisions based on what the students are hearing? If that's the case, you might consider getting some good ("better than standard") acoustical treatments in the room. (Many vendors subscribe here and will be happy to chime in with their opinions.)
If you simply require a decent room for playback that does
not involve teaching the students, e.g., how to mix for video, or something like that, then you can probably go with the general requirements outlined in the ANSI classroom acoustics standard for the size of room you have. (ANSI S12.60 is available free of charge from
http://asastore.aip.org/) Namely, low noise (≤ 40 dBA) and reverberation according to Annex C.
Best of luck!