No, that’s not correct. In this situation, they cannot claim the diversity in ownership point due to their ownership of full-power stations. Student-operated stations at universities with cross-owned full-power stations are typically eligible for a maximum of 4 points.
However, if the LPFM station is not licensed to the university itself but rather to a separate organization like a student union or alumni association, then they may be eligible to claim the diversity point.
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