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It
it
Pronoun
  is
Auxiliary
  authorized
Verb
  for
Adposition
  the
Determiner
  conferment
Noun
  of
Adposition
  Scholar
Noun
  degree
Noun
master's degree   and
Coordinating conjunction
  doctoral
Adjective
  degree
Noun
.

It is authorized for the conferment of Scholar degree, master's degree and doctoral degree.

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