Astounding university — learn in new way (6)

I believe the answer is:

unreal

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'astounding' is the definition.
Both the definition and answer are adjectives. Maybe there's a link between them I don't understand?

'university learn in new way' is the wordplay.
'university' becomes 'u' (abbreviation as in UMass).
'in new way' is an anagram indicator.
'learn' anagrammed gives 'nreal'.
'u'+'nreal'='UNREAL'

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(Other definitions for unreal that I've seen before include "Phantasmagorical" , "Existing only in the imagination, not actual" , "fake" , "Illusory; amazing" , "Lacking in substance" .)

I've seen this clue in The Times.

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