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

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...
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