Drag Harold around university (4)
I believe the answer is:
haul
'drag' is the definition.
(I know that drag can be written as haul)
'harold around university' is the wordplay.
'harold' becomes 'Hal' (diminutive, as in Hal Prince).
'around' is an insertion indicator.
'university' becomes 'u' (abbreviation for university).
'hal' enclosing 'u' is 'HAUL'.
(Other definitions for haul that I've seen before include "Quantity stolen in a robbery" , "Pull with difficulty" , "Drag; transport in truck" , "Pull with effort" , "Yank" .)