The College of Wooster is a private liberal arts college primarily known for its "Inependent Study" program (see below). It has roughly 1,800 students and is located in Wooster, Wayne County, Ohio (approximately 60 miles south of Cleveland). Founded in 1866 by the Presbyterian church as the University of Wooster, it was from its creation a co-educational institution. The school is a member of The Five Colleges of Ohio and the Great Lakes Colleges Association. As of January 2008, Wooster's endowment stood at approximately $270 million.