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Small change to The New Yorker's direction going like crazy around college (6)

Ross

I believe the answer is:

nickel

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'small change to the new yorker's direction' is the definition.
I can't tell whether this defines the answer.

'going like crazy around college' is the wordplay.
'going' becomes 'n' (I can't justify this - if you can you should believe this answer much more).
'crazy' indicates an anagram.
'around' indicates putting letters inside.
'college' becomes 'c'.
'like' is an anagram of 'ikel'.
'ikel' going around 'c' is 'ickel'.
'n'+'ickel'='NICKEL'

Can you help me to learn more?

(Other definitions for nickel that I've seen before include "Metallic element; US coin" , "Five-cent piece in the US" , "5 cent piece - element" , "Silvery-white metal" , "One twentieth of a US dollar" .)

I've seen this clue in the Irish Times and the Irish Times (Crosaire).
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