Cryptic crossword clue
Gear redesigned by student leader featured in university handout 8

The most common and most likely answer to this crossword clue is the 8 letter word LARGESSE

I've seen this crossword clue in The Guardian
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Buddy explains!

The straight part
We know that "handout" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case handout = largesse.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does LARGESSE mean?

LARGESSE noun
  1. Generosity in the giving of gifts or money.
  2. The gifts or money given in such a way.
  3. A benevolent demeanor.

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