Artaxerxes
Look out, he's got a gnu!
It’ll involve little more than toadying to the moneyed elite in China and India to send their offspring here to study. Plus it’ll be run by someone like Capita who will trouser most of the funding for their own fees.
Essentially we're swapping a program with joined up intricate bureaucracy that opens the door to a couple hundred unis with a frictionless visa system for a program where every university is going to ask for something different and also retain a massive quantity of paperwork for staff and students while sorting out visas and accommodation reliant on those is going to be an absolute paih in the arse.