Founded in 1958, Oulun yliopisto (University of Oulu) is a non-profit public higher-education institution located in the small city of Oulu (population range of 50,000-249,999 inhabitants), Northern Ostrobothnia. Officially recognized by the Opetus- ja kulttuuriministeriö, Suomi (Ministry of Education and Culture of Finland), Oulun yliopisto (OY) is a large coeducational Finnish higher education institution. Oulun yliopisto (OY) offers courses and programs leading to officially recognized higher education degrees such as bachelor degrees, master degrees, doctorate degrees in several areas of study. This 64 years old Finnish higher-education institution has a selective admission policy based on entrance examinations and students' past academic record and grades. OY also provides several academic and non-academic facilities and services to students including a library, sports facilities, study abroad and exchange programs, as well as administrative services.