University given tribute for being elevated (8)
I believe the answer is:
upraised
'being elevated' is the definition.
(I've seen this before)
'university given tribute' is the wordplay.
'university' becomes 'u'.
'given tribute' becomes 'praised'.
'u'+'praised'='UPRAISED'
'for' is the link.
(Other definitions for upraised that I've seen before include "Given higher position" , "Lifted" , "Exalted" , "promoted" , "Elevated" .)