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Princeton students embrace a wide variety of traditions from both the past and present. The university has over 500 student organizations. Princeton uses a residential college system and is known for its upperclassmen eating clubs. It is classified among "R1: Doctoral Universities – Very high research activity" and has one of the largest university libraries in the world. The university also manages the Department of Energy's Princeton Plasma Physics Laboratory and is home to the NOAA's Geophysical Fluid Dynamics Laboratory. It offers postgraduate degrees through the Princeton School of Public and International Affairs, the School of Engineering and Applied Science, the School of Architecture and the Bendheim Center for Finance. Princeton provides undergraduate and graduate instruction in the humanities, social sciences, natural sciences, and engineering to approximately 8,500 students on its 600 acres (2.4 km 2) main campus. The university is governed by the Trustees of Princeton University and has an endowment of $37.7 billion, the largest endowment per student in the United States. It officially became a university in 1896 and was subsequently renamed Princeton University. The institution moved to Newark in 1747, and then to the current site nine years later. Founded in 1746 in Elizabeth as the College of New Jersey, Princeton is the fourth-oldest institution of higher education in the United States and one of the nine colonial colleges chartered before the American Revolution.
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Princeton University is a private Ivy League research university in Princeton, New Jersey.