Business Account University Office Use Questions

I work within a professional school which part of a large university.  We are interested in puchasing a premium/business account to use for students who are enrolled in our online programs/potential students.
Question:  Would it possible to purchase said account and use it for external student groups for example: student leadership meetings and other meetings with outside groups (informational meetings). Would those outsiders need premium accounts? 
Scenario:  We hold an informational meeting to illustrate our undergrad/grad programs. Could students (several) Skype in from home with a free account or would they need a premium account?
Is there any way I can ask this question directly to Skype? Seeking these answer has proven difficult.   

For the hosted aspects of O365, and plan/service/account related questions, I recommend the dedicated O365 community:
http://community.office365.com/en-us/f/default.aspx
Don
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