Special funding for schools and colleges

We have a couple of NBFCs who are looking at discounting fees due from the students
Salient features of the product are as below

Minimum number of students required is 200
Product is available all over India
The Institution can have upto 80% of the total fees due.
Balance 10% fees will be retained as a safety deposit in case a parent defaults
Personal guarantee of the trustees will have to be given
Loan will be in the name of the parent
Tenure will be for 6 to 18 months depending upon courses
This will be an interest free loan for the parent as the Institute will bear the interest cost.
Benefit for the institution as money comes in one stroke or tranches as decided mutually
Loans will not reflect in the balance sheet of the Institution
Structuring can be done on the basis of the requirements of the Institution
Interest will be deducted at 10% upfront.
Institution has to be running for a minimum of 5 years and with a minimum revenue of 1 crore