Cryptic crossword clue
Modernising university with little money, and going steady 8

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

I've seen this crossword clue in The Daily Telegraph
U
P
D
A
T
I
N
G

Buddy explains!

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 UPDATING mean?

UPDATING verb
  1. To bring (a thing) up to date.
  2. To bring (a person) up to date: to inform (a person) about recent developments.
UPDATING noun
  1. The act by which something is updated.

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