Step 1: Split the letters of UNIVERSAL into vowels and consonants.
UNIVERSAL has 9 distinct letters: U, N, I, V, E, R, S, A, L. The vowels are U, I, E, A (4 of them), and the consonants are N, V, R, S, L (5 of them).
Step 2: Choose 2 vowels out of the 4 available.
This is a selection, so we use combinations: \( {}^4C_2 = \dfrac{4!}{2! \times 2!} = 6 \) ways.
Step 3: Choose 3 consonants out of the 5 available.
\( {}^5C_3 = \dfrac{5!}{3! \times 2!} = 10 \) ways.
Step 4: Arrange the 5 chosen letters into a word.
Once we have picked 2 vowels and 3 consonants, that is 5 distinct letters, and they can be arranged in \(5! = 120\) ways to form different words.
Final Answer:
Total words \(= 6 \times 10 \times 120 = 7200\).
\[ \boxed{7200} \]