Thanks for the advice but in my eyes it shouldn't be my responsibility to go out and spend 75 dollars for something I'm only going to use for another semester when it should be the schools responsibility to properly upgrade the wiring in their buildings.
If anyone else can help me out with some information on this problem so i can work it out with the school it would be greatly appreciated.
I agree with you in principle; however, the reality is that a proper rewiring of a building from the 60's is not a task you want to happen while you are living there.
You may be able to get them to provide a line filter/conditioner for your use if you make enough noise, but assuming this is a typical college or university, I would consider that a long shot. They will be reluctant to do this because it sets a precedent (I'm sure you are not the only one in the dorm with that problem). Also,
nobody want to do things you try to force them to do.
If I was in your shoes, I would go to the Physical Plant (or wherever the operations center is for your maintenance department) and ask around for someone who "understands" the wiring of your building. Trust me, there is definitely someone there who has a very good understanding of all things electrical. Inquire about (and show interest in) what is causing the pops over your stereo. Ask if there is a way to prevent it (short of rewiring the building). They will likely tell you what type of device you need. Next ask if they "happen" to have one lying around you could use while you are there. If they don't and you can't afford one, ask if there is any chance to get the school to provide one.
Admittedly, there are no guarantees, but most people - if treated with respect - will do all they can to help you, and schools usually have all kinds of (often valuable) crap laying around (unless someone made them cleanup and throw everything away recently).
That is my two cents. Good luck!