Yeah that would be the idea behind that, that they could learn from each other.  And having human students at the magic school could also lead to some fun shenanigans.  Though, to be fair, there could also be human students from Faerie who are trying to transition to the human world as well.  They would just be medieval fairy tale style humans.  Though putting them alongside modern human students would probably [i]also[/i] be hilarious.