joke-a-versity
A mediocre institution of higher education; a pejorative term for a university one dislikes.
1. "I am tired of paying tuition to that joke-a-versity I attend." 2. "This university is so mediocre it is a joke-a-versity." 3. "I read Dr. G. Louis Heath's book ILLINOIS STATE JOKE-A-VERSITY. It registers his animus toward the university he retired from. Though pejorative, his use of the concept JOKE-A-VERSITY is refreshing."