Students attending a certain university can select from 120 major areas of study. A student's major is identified in the registrar's records with a two-or three-letter code (for example, statistics majors are identified by STA, math majors by MS). Some students opt for a double major and complete the requirements for both of the major areas before graduation. The registrar was asked to consider assigning these double majors a distinct two- or three-letter code so that they could be identified through the student records’ system. What is the maximum number of possible double majors available to University of Florida students?