Steer for Dutch university
I believe the answer is:
oxford
'university' is the definition.
(I know that Oxford is a university)
'steer for dutch' is the wordplay.
'steer' becomes 'ox' (a steer is a castrated ox).
'dutch' becomes 'd' (common abbreviation).
'ox'+'for'+'d'='OXFORD'
(Other definitions for oxford that I've seen before include "City on the Thames" , "Material used in shirt" , "Ancient university town" , "No odd fixture (anag)" , "Boat Race's Dark Blues" .)