I do know that you would need to talk to the education board, and i do know that it will take sometime (years even) but im sure there is a way. I would try asking around on other sites because i honestly don t think the average person on yahoo will have any clue on this subject. But best of luck to ya! PS. If i can help anymore or find a company willing to help could i get a free schollarship when it oppens? Lol
First, talk to your state department of education. You need to be accredited. THEN you look for a campus site, add buildings and stuff if necessary. THEN add equipment, hire teachers (with thorough background checks), staff (admissions, admin, custodial, security, maintainence). Then you recruit students through advertising campaigns (TV, newspaper, brochures / flyers, etc.) and hope you get enough students to run even. :)
get a plan of study together. get accredited. get a facility faculty and staff. get people to buy stock. get a website going(i can help you with that when your ready, im a web designer) and advertisement. in my opinion you should open a community college first then go for a university