Currently, many colleges and universities have broadcasting programs that are managed and/or presented by the students as part of an acaemic department or as an activity of the student association. Colleges and universities may stream a radio station on the internet, broadcast on a channel of the university or community cable television system and in some cases, over the air without a license but within the rules due to some special provisions for colleges and universities to broadcast on AM radio.
Colleges and universities adding an LPFM can add the additional responsibilities of being an FCC licensee while reaching more of the community, especially those who do not have cable, easy access to the internet or are located too far from the campus to hear the AM station.
Stations can be licensed to the college/university, a student union or even an alumni association. Colleges and universities that are also the licensees of full-power radio or TV stations (NPR/PBS) may still obtain an LPFM station under the condition that the day to day operation of the station will be conducted by students as part of an educational program or student activity.
LPFM stations can raise money for the licensee's organization through fundraising. LPFM stations cannot be used to raise funds for other organizations or endorse candidates for public office. Stations may acknowledge underwriters and supporters on the air but they can not carry promotional commercial messages.