Four-year colleges, also known as baccalaureate colleges, offer undergraduate programs that typically result in a bachelor's degree. There are many synonyms for a four-year college, including university, institute, academy, school, and college. The terms "college" and "university" are often used interchangeably, but a university generally includes multiple colleges and offers a wider range of degrees, including graduate and professional programs. "Institute" often refers to a specialized college or school, such as an engineering or business institute. "Academy" typically connotes a more elite institution, often with a focus on specialized training. Lastly, "school" can refer to any educational institution, from elementary to post-secondary.