Established in 1993, Universidad Privada Franz Tamayo (Franz Tamayo University) is a for-profit private higher-education institution located in the urban setting of the large city of La Paz (population range of 500,000-1,000,000 inhabitants). This institution also has branch campuses in the following locations: El Alto, Cochabamba, Santa Cruz. Officially recognized by the Ministerio de Educación, Bolivia (Ministry of Education of Bolivia), Universidad Privada Franz Tamayo (UNIFRANZ) is a small coeducational Bolivian higher education institution. Universidad Privada Franz Tamayo (UNIFRANZ) offers courses and programs leading to officially recognized higher education degrees such as bachelor degrees, master degrees in several areas of study. This 29 years old Bolivian higher-education institution has a selective admission policy based on students' past academic record and grades. The admission rate range is 60-70% making this Bolivian higher education organization a somewhat selective institution. International applicants are eligible to apply for enrollment. UNIFRANZ 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.