The new scholar will study agricultural management. He is likely to live in Cambridge in order to do so. However, this will probably not be the new, full time residence for William and his wife, the Duchess of Cambridge, and their baby boy, Prince George.
That said, Kensington Palace suggests that the course, which is considered bespoke, runs for 10 weeks. That means William will be done with his studies by the middle of March.
A palace spokesperson explained, "The course [William will take] has been designed to help provide the duke with an understanding of contemporary issues affecting agricultural business and rural communities in the UK."
By way of background, William went to school at University of St. Andrews for his initial outing at college. He met his wife, Kate Middleton there, and graduated with a degree in geography in 2005. After that, he joined the military, becoming a Royal Air Force search-and-rescue pilot.
Now, the Prince is done with his Royal Air Force work and so William has decided to go back to school where the Duke of Cambridge will attend Cambridge for an intensive course in agricultural studies. Once a scholar always a scholar, at least in Will's case.