Founded in 1919, Latvijas Universitate (University of Latvia) is a for-profit public higher-education institution located in the urban setting of the large city of Riga (population range of 500,000-1,000,000 inhabitants). Officially recognized by the Latvijas Republikas Izglitibas un zinatnes ministrija (Ministry of Education and Science of the Republic of Latvia), Latvijas Universitate (LU) is a large coeducational Latvian higher education institution. Latvijas Universitate (LU) offers courses and programs leading to officially recognized higher education degrees such as pre-bachelor degrees (i.e. certificates, diplomas, associate or foundation), bachelor degrees, master degrees, doctorate degrees in several areas of study. This 103 years old Latvian higher-education 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, sports facilities, financial aids and/or scholarships, study abroad and exchange programs, as well as administrative services.