The H-1B status is the principal vehicle used by U.S. employers to employ foreign graduates from U.S. universities.

FORBES: Drive Business Back To The U.S., Reform H-1B Visa Laws

Principal Prof Chris Gaskell said university status "described best what the institution does and aspires to do" and benefits students and employers.

BBC: Royal Agricultural College

The principal benefit is that it would help Clearwire reset its debt with lower interest rates and remove it from junk status bumping up against its credit limits.

FORBES: Softbank's Brilliant Buy One (Sprint), Get One Free Deal (Clearwire)