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The University of Sydney is Australia's oldest university.
Although each institution is organized differently, nearly all universities have a board of trustees; a president, chancellor, or rector; at least one vice president, vice-chancellor, or vice-rector; and deans of various divisions. Universities are generally divided into a number of academic departments, schools or faculties. Public university systems are ruled over by government-run higher education boards. They review financial requests and budget proposals and then allocate funds for each university in the system. They also approve new programs of instruction and cancel or make changes in existing programs. In addition, they plan for the further coordinated growth and development of the various institutions of higher education in the state or country. However, many public universities in the world have a considerable degree of financial, research and pedagogical autonomy. Private universities are privately funded and generally have broader independence from state policies. However, they may have less independence from business corporations depending on the source of their finances.


The funding and organization of universities varies widely between different countries around the world. In some countries universities are predominantly funded by the state, while in others funding may come from donors or from fees which students attending the university must pay. In some countries the vast majority of students attend university in their local town, while in other countries universities attract students from all over the world, and may provide university accommodation for their students.[68]

Classification[edit]
Further information: Category:Higher education by country
The definition of a university varies widely, even within some countries. Where there is clarification, it is usually set by a government agency. For example:

In Australia, the Tertiary Education Quality and Standards Agency (TEQSA) is Australia's independent national regulator of the higher education sector. Students rights within university are also protected by the Education Services for Overseas Students Act (ESOS).

In the United States there is no nationally standardized definition for the term university, although the term has traditionally been used to designate research institutions and was once reserved for doctorate-granting research institutions. Some states, such as Massachusetts, will only grant a school "university status" if it grants at least two doctoral degrees.[69]

In the United Kingdom, the Privy Council is responsible for approving the use of the word university in the name of an institution, under the terms of the Further and Higher Education Act 1992.[70]

In India, a new designation deemed universities has been created for institutions of higher education that are not universities, but work at a very high standard in a specific area of study ("An Institution of Higher Education, other than universities, working at a very high standard in specific area of study, can be declared by the Central Government on the advice of the UGC as an Institution 'Deemed-to-be-university'"). Institutions that are 'deemed-to-be-university' enjoy the academic status and the privileges of a university.[71] Through this provision many schools that are commercial in nature and have been established just to exploit the demand for higher education have sprung up.[72]

In Canada, college generally refers to a two-year, non-degree-granting institution, while university connotes a four-year, degree-granting institution. Universities may be sub-classified (as in the Macleans rankings) into large research universities with many PhD-granting programs and medical schools (for example, McGill University); "comprehensive" universities that have some PhDs but are not geared toward research (such as Waterloo); and smaller, primarily undergraduate universities (such as St. Francis Xavier).



Colloquial usage[edit]
Main article: College
Colloquially, the term university may be used to describe a phase in one's life: "When I was at university..." (in the United States and Ireland, college is often used instead: "When I was in college..."). In Australia, Canada, New Zealand, the United Kingdom, Nigeria, the Netherlands, Italy, Spain and the German-speaking countries, university is often contracted to uni. In Ghana, New Zealand, Bangladesh and in South Africa it is sometimes called "varsity" (although this has become uncommon in New Zealand in recent years). "Varsity" was also common usage in the UK in the 19th century.[citation needed] "Varsity" is still in common usage in Scotland.

Cost[edit]
Main article: Tuition payments

Comenius University in Bratislava - the largest public university in Slovakia

University of Helsinki, the oldest and largest public university in Finland, founded in 1640.
In many countries, students are required to pay tuition fees. Many students look to get 'student grants' to cover the cost of university. In 2012, the average outstanding student loan balance per borrower in the United States was US$23,300.[73] In many U.S. states, costs are anticipated to rise for students as a result of decreased state funding given to public universities.[74]

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