Has anyone seen this movie? (I'm looking for a title)?

It's about this guy who goes off to college, and his parents keep sending him money. Well the guy got kicked out of the college and his parents announce they're coming down for a visit. So they guy takes all the money his parents gave him and creates his own college. He accepts people who aren't exactly college material. At the end of the movie they're fighting to KEEP the college open because so many people who are attending the college like it and want to continue going to the college this guy created.

If you've seen this movie and know the title of it, please let me know. Thanks!