Re: money money money money
"Get some lecturer who can barely speak english....." It's a bit harder than just that in the UK. For a start, you have to get acredited otherwise you cannot receive studant grants. Even if you operate as a private "university" you still have to adhere to certain government standards. Not that has stopped "proper" unis selling degrees for funding in the past (http://www.guardian.co.uk/uk/2004/aug/01/universityfunding.highereducation).
But who needs student grants and having to pay for lecturers? You could always start an IT training company, then you can get all types of UK and European small business and unemployed training grants AND charge for effectively reading students "The Dummys' Guide To Windows". I've seen 5-day Windows 7 courses going for £695+VAT per student, free to the unemployed (i.e., paid for by the dole office), which works out at over £40K per annum per seat if you can keep the classes full.
/Yeaaargh, it's a scholastic pirate's life for me!