This idea may sound Quackers, but while Charles doesn't have a degree in economics (because he's a duck) he still wont blow over £25 000 000 on vanity projects.  

Charles also doesn't have to be paid £200 000 a year (because he's a duck) so the university would have far more room in the budget to fund the crippling debt repayments.

I believe Keele will find prosperity under Charles's waddling leadership.