College record elevated (4)
I believe the answer is:
eton
'college' is the definition.
(I've seen this before)
'record elevated' is the wordplay.
'record' becomes 'note' (note is a kind of record).
'elevated' says the letters should be written backwards.
'note' written backwards gives 'ETON'.
(Other definitions for eton that I've seen before include "Leading English public school" , "Note sent up to English public school" , "academic institution" , "School; jacket type" , "Place for learning" .)