QC99.tsilvius and @taverett So sorry I missed seeing this question for so long! Here's what you need to do to adjust the (ridiculously high) microphone sensitivity on Chromebooks in the Canvas media tool:
1. Right click in the media window itself
2. In the menu that appears, go to Settings
3. Click on the microphone icon
4. Use the volume slider to adjust microphone sensitivity. You'll probably need to slide it pretty far down to improve the recording quality. You can also select a "Reduce Echo" box.
The settings are not sticky, unfortunately; thus, students will need to perform this task with each new assignment.
Hope this helps!

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