G1101 - Universities and federated and affiliated colleges

Industry code: G1101
Premium rate: 0.34

Classification Facts

Class: G - Government and Municipal
Rate Code: G11 - Post-secondary education

Description

Operational Details
Universities are post-secondary educational institutions that offer undergraduate and graduate degrees, diplomas and certificates in a wide range of disciplines. Although each university maintains a central administration, many services can be decentralized to faculties with their own budgets, facilities and staff. The research facilities of universities enable them to support post-graduate studies and original research.

Federated Colleges offer a smaller student community within the larger University setting. Federated colleges are financially and administratively independent of the University however their academic programs are fully integrated with the University. Students who register through a federated college may choose courses offered by their college as well as by the University. Upon completion of their studies, students receive their degrees from the University.

An Affiliated College is a post secondary institution that is legally and financially independent, whose academic affairs, whole or in part, are governed by the Senate of the University without the institution becoming academically merged with the university. The Senate of the University recognizes certain post-secondary institutions carrying on work at the university level. For the benefit of both the University and the institution, affiliation is granted at the discretion of the Senate.

SIC Codes
000000420 – Universities
000001027 – Federated/Affiliated Colleges

Previous Codes

NAICS 2007
Code: 61131 - Universities