I have had the same experience my friend. Ripping is just another word for copying the files from the optical drive. But if you asked the program to encode to mpeg extension for ease of viewing on your pc, it could take hours.
Even with my extreme gamer's pc, it takes a while to encode video files, quite a while. What I do is set it up to run after I go to bed and with some apps., you can even have it turn off the pc when its done.
btw: If multimedia is your intended major, you need another quarter gig of ram. You will never regret the expense when you find out how much it speeds up such chores.
Winter