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The Wisconsin Association of Independent Colleges and Universities (WAICU) was founded in 1961 and is recognized as the official organization of Wisconsin's private, nonprofit (or independent) colleges and universities and their students. Each WAICU member is a nonprofit, fully accredited, degree-granting institution, but each is unique, with its own mission and culture. All are open to people of every race, religion, and economic circumstance. All are student-centered, offering small class sizes, individual attention from professors, opportunities for involvement and leadership, and generous financial aid that makes a private higher education affordable for all qualified students.