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Communiversity is a new site that looks to offer up user-generated information on various institutions of higher education by combining a wiki format with some Facebook spirit. The site is more of a wiki than anything else. Schools and universities have been pre-populated into Communiversity's database, so all you need to do is search for your school and start filling in the blanks. Add images, a description, video clips and comments. There are some categories you can bulk out too, like eating, libraries, local scene, etc.
As a registered member you can add information to your school's wiki, thus determining how your school is portrayed, even if that means your school may be cast in a negative light. There are anonymous comment-posting options, similar to BoredAt or Juicy Campus, so there is a way to encourage students to be quite truthful about their experience at school. Upon signing up, you can join Communiversity as a prospective student, a current student, alumni or a visitor.
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While this site is meant for students to portray their school as they see fit, I imagine a visitor account could be used by people wanting to keep track of various school updates, or even add a few themselves. Surely faculty and others on campus have some interesting insight to college life as well.
Once you've registered your account, you'll see some of the networking aspects of Communiversity. You can see all the new activity that has taken place on the site in regards to your school, and keep track of any new classmates that have joined the site. Since Communiversity isn't the best place to directly socialize (online) with your classmates, some Facebook or people-search integration wouldn't hurt.