Instructions regarding Cambridge University (5)

I believe the answer is:

remit

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'instructions regarding cambridge university' is the definition.
I can't judge whether this defines the answer.

'regarding cambridge university' is the wordplay.
'regarding' becomes 're' ('re' means regarding or about).
'cambridge university' becomes 'MIT' (MIT in Cambridge, Massachusetts).
're'+'mit'='REMIT'

Can you help me to learn more?

(Other definitions for remit that I've seen before include "Pardon (a sin)" , "Scope of prescribed job" , "Shorten sentence or send money" , "instructions required" , "Dispatch" .)

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