Institution of higher education (typically accepting students from the age of about 17 or 18, depending on country, but in some exceptional cases able to take younger students) where subjects are studied and researched in depth and degrees are offered.
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The only reason why I haven't gone to university is because I can't afford it.
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During the whole time of his abode in the university he generally spent thirteen hours of the day in study; by which assiduity besides an exact dispatch of the whole course of philosophy, he read over in a manner all classic authors that are extant […]
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1661, John Fell, The Life of the most learned, reverend and pious Dr. H. Hammond[1]:
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Since the launch early last year of […] two Silicon Valley start-ups offering free education through MOOCs, massive open online courses, the ivory towers of academia have been shaken to their foundations. University brands built in some cases over centuries have been forced to contemplate the possibility that information technology will rapidly make their existing business model obsolete.
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2013 July 20, “The attack of the MOOCs”, in The Economist, volume 408, number 8845:
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The most compelling stories of whether university is worth it are examples where a university education lifts the economic standing of a poor or disadvantaged student to a higher socioeconomic position.
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2021, Harvey P. Weingarten, “Is Going to University Worth It?”, in Nothing Less than Great: Reforming Canada’s Universities, Toronto, Ont., Buffalo, N.Y., London: University of Toronto Press, →ISBN, page 23: