The University of Texas at Austin (informally UT Austin, UT, University of Texas, or Texas in sports contexts ) is a public research university and the flagship institution of The University of Texas System. Founded in 1883 as "The University of Texas," its campus is located in Austin—approximately 1 mile (1,600 m) from the Texas State Capitol. The institution has the fifth-largest single-campus enrollment in the nation, with over 50,000 undergraduate and graduate students and over 24,000 faculty and staff. The university has been labeled one of the "Public Ivies," a publicly funded university considered as providing a quality of education comparable to those of the Ivy League.