Hi: You CANNOT use a local drive location. SAS in the Virtual Machine cannot see your U: drive.
Did you set up a shared folders location? In the installation instructions, you were asked to set up a shared folder location and/or also set up folder shortcuts. The way you access data will depend on which one of these methods you choose. But, your LIBNAME statement for the University Edition will typically always be something like this: libname sas_data '/folders/myfolders/.....'; where the ..... indicates the rest of the path in either the shared folder location or the shortcut location.