There are many third rate institutions that grant degrees. Anyone setting up a college in Oxford or Cambridge can use the name of the place, but cannot call themselves a college that is part of the University. I suppose a suitably ancient sounding college name such as Henry VII College Oxford or Wollesley College Cambridge might possibly be a money spinner.
Anyway, a Ugandan paper has reported that Harvard (the US Ivy League college with leading business and law schools) has threatened other, less well known, colleges in Uganda that use the name Harvard.
So next time some over-qualified toffee nosed lawyer informs you that he studied at Harvard, you can ask if he means Harvard College, Uganda?