.university domains belong to the new top-level domains. .university domains can be registered by any person or company.
.university domains are registered for yearly periods. After the registration period, the domain must be renewed for another year. After the registration period elapses, the domain will be visible in your administration panel for 30 more days. During this time you can still renew the domain.
Transferring a .university domain involves a fee. The domain is not renewed for 1 year after the transfer.
Changing ownership of a .university domain is free of charge and can be performed any time in your administration panel.