Founded in 1919, Latvijas Universitate (University of Latvia) is a for-profit public higher education institution located in the the urban setting of the medium-sized city of Riga (population range of 500,000-1,000,000 inhabitants). Officially accredited/recognized by the Latvijas Republikas Izglitibas un zinatnes ministrija (English: Ministry of Education and Science of the Republic of Latvia), Latvijas Universitate (LU) is a large (enrollment range: 15,000-19,999 students) coeducational higher education institution. Latvijas Universitate (LU) offers courses and programs leading to officialy recognized higher education degrees such as bachelor degrees, master degrees, doctorate degrees in several areas of study. This 97 years old HE institution has a selective admission policy based on entrance examinations and students' past academic record and grades. The admission rate range is 40-50% making this Latvian higher education organization a averagely selective institution. International students are welcome to apply for enrollment. LU also provides several academic and non-academic facilities and services to students including a library, housing, sport facilities and/or activities, financial aids and/or scholarships, study abroad and exchange programs, as well as administrative services.