Sigh...the usual emotional Indian clarion call to right a wrong or avenge an injustice along Bollywood lines doesn't really apply here Raptor my lad.
The reason that Aerospace is in administration is that the business in its present form is not sustainable. It went into voluntary administration!
That would infer that in fact...the money belonging to these students is long gone.
Rather than raise a rabble, contact the administrating firm itself through calling Aerospace direct.
Sad I know.........DON'T PAY UPFRONT!!!!!!