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A university is an institution of higher education and research, which grants academic degrees in a variety of subjects. A university provides both undergraduate education and postgraduate education. The word university is derived from the Latin universitas magistrorum et scholarium, roughly meaning "community of teachers and scholars".

College is a term most often used today to denote an educational institution. More broadly, it can be the name of any group of colleagues. Originally, it meant a group of persons living together under a common set of rules; indeed, some colleges call their members "fellows". The precise usage of the term varies among English-speaking countries.

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