That font seems quite legible actually. The letters are all quite distinct and apart from the gaps and backward-slant, follow proper typographical conventions.

I would have made the letters monospaced at least (no kerning either), and would have used base letter shapes that look much more alike (e.g., the bowls of the d, a, q, and c should be the same, because slight differences in them help you identify letters more readily, which is precisely what proper fonts do).

Also, does that university actually own their own top-level domain? Those don't come cheap do they?