The University of Texas at Austin (often referre to as The University of Texas, UT Austin, UT, or Texas) is a major research university located in Austin, Texas and the flagship institution of The University of Texas System. The main campus is located less than a mile from the Texas State Capitol in Austin. UT Austin was named one of the original eight "Public Ivy" institutions of higher education; i.e., a public institution that "provides an Ivy League collegiate experience at a public school price." Founded in 1883, the university has had the fifth largest single-campus enrollment in the nation as of fall 2006 (and had the largest enrollment in the country from 1997–2003), with nearly 50,000 undergraduate and graduate students and 16,500 faculty and staff. It currently holds the largest enrollment of all colleges in the state of Texas.