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A university is an institution of higher education and of research, which grants academic degrees. A university provides both tertiary and quaternary education. University is derived from the Latin universitas, meaning corporation (since the first medieval European universities were simply groups of scholars).
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Because of the above definition, the oldest universities in the world were all European, as the awarding of academic degrees was not a custom of older institutions of learning in Asia and Africa. However, institutions of higher learning considerably older than the most ancient European universities existed in countries such as China, Egypt and India.
The Academy, founded in 387 BC by the Greek philosopher Plato in the grove of Academos near Athens, taught its students philosophy, mathematics, and gymnastics, and is sometimes considered a forerunner of modern European universities. Other Greek cities with notable educational institutions include Kos (the home of Hippocrates), which had a medical school, and Rhodes, which had philosophical schools. Another famous classical university was the Museum and Library of Alexandria.
About a thousand years after Plato, institutions bearing a resemblance to the modern university existed in Persia and the Islamic world, notably the Academy of Gundishapur and later also al-Azhar University in Cairo.
In Asia, there were a number of institutions of higher learning that vaguely resembled universities in the Western sense of the word. In general, these are of considerable antiquity, predating western institutions of higher learning by centuries. In China, it's recorded that the education system had been established during the Yu period (2257 BC - 2208 BC) and the imperial central academy was named Shangyang (Shang means higher and Yang means school) at the time. The higher learning institution - imperial central academy, was called Piyong in Zhou Dynasty (1046 BC - 249 BC), Taixue in Han Dynasty (202 - 220) and Guozijian in Sui dynasty. For example, Nanjing University traces its source back to the imperial central academy at Nanking founded in 258 by the Kingdom of Wu. The early Chinese state depended upon literate, educated officials for operation of the empire, and an imperial examination was established in the Sui Dynasty (581 -618) for evaluating and selecting officials from the general populace. The ancient cities of Nalanda, Vikramasila, Kanchipura and Takshasila were greatly reputed centres of learning in the east, with students from all over Asia. In particular, Nalanda was a famous center of Buddhist scholarship, and as such it attracted a vast number of Buddhist scholars from China, central Asia and Southeast Asia.
In the Carolingian period, a famous academy was created by Charlemagne for the purpose of educating the children of aristocrats to help train the professionals needed to run an empire. It was a foreshadow of the rise of the University in the 11th century.
The first European medieval university was the University of Magnaura in Constantinople (now Istanbul, Turkey), founded in 849 by the emperor Bardas, followed by the University of Salerno (9th century)University of Bologna (1088) in Bologna, Italy, and the University of Paris (c. 1100) in Paris, France. Many of the medieval universities in Western Europe were born under the aegis of the Catholic Church, usually as cathedral schools or by papal bull as Studia Generali. In the early medieval period, most new universities were founded from pre-existing schools, usually when these schools were deemed to have become primarly sites of higher education. Many historians state that universities and cathedral schools were a continuation of the interest in learning promoted by monasteries.
In Europe, young men proceeded to the university when they had completed the study of the trivium–the preparatory arts of grammar, rhetoric, and logic–and the quadrivium: arithmetic, geometry, music, and astronomy. (See degrees of Oxford University for the history of how the trivium and quadrivium developed in relation to degrees, especially in anglophone universities).
Universities are generally established by statute or charter. In the United Kingdom, for instance, a university is instituted by Act of Parliament or Royal Charter; in either case generally with the approval of Privy Council, and only such recognized bodies can award degrees of any kind.
The funding and organisation of Universities is very different in 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.
Unlike community colleges, enrollment at a university is generally not available to all. However, admission systems vary widely around the world, as discussed in the article college admissions.
Colloquially, the term university is used around the world for a phase in one's life: "when I was at university…"; in the United States, college is often used: "when I was in college…". See college, §3, for further discussion. In the United Kingdom and Australia "University" is often contracted to simply "Uni".
The usual practice in the United States today is to call an institution made up of several faculties and granting a range of higher degrees a "university" while a smaller institution only granting bachelor's or associate's degrees is called a "college". (See liberal arts colleges, community college). Nevertheless, a few of America's older universities, such as Boston College, Dartmouth College and the College of William and Mary, have retained the term "college" in their names for historical reasons though they offer a wide range of higher degrees.