The Universidad Internacional Menéndez Pelayo (http://www.uimp.es/) offers summer courses for university students, including Spanish language courses for foreigners, that take place both at the Magdalena Palace and at Residencia Las Llamas.
The Universidad de Cantabria (http://www.unican.es/) offers Spanish language courses of 4 to 10 weeks duration throughout the year through the Centro de Idiomas CIUC. CIUC also coordinates exchange students at the university.
5 city walks
Go to the santander tourist office in the city center old market, near the old banco de santander and get a free city guide; the free city guide describes these 5 itineraries. (http://www.ayto-santander...) these 5 itineraries are enough to keep you busy for 1-2 days.