Cryptic crossword clue
Lapses surrounding old university exam

The most common and most likely answer to this crossword clue is the 6 letter word TRIPOS

T
R
I
P
O
S


Buddy explains!

The straight part
We know that "university exam" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case university exam = tripos.
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 TRIPOS mean?

TRIPOS noun
  1. A three-legged structure; a tripod.
  2. (Cambridge University) Any of the final examinations for a BA honours degree.
  3. (Cambridge University) The list of successful candidates in such an examination.

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