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Florida International University is an American public research university in Miami, Florida, in the United States, with its main campus at University Park. Florida International University is classified as a top-tier Research University with high research activity by the Carnegie Foundation, and is a first-tier research university as designated by the Florida Legislature. Founded in 1965, FIU is the youngest university to be awarded a Phi Beta Kappa chapter by the Phi Beta Kappa Society, the country's oldest academic honor society. FIU offers 191 programs of study with more than 280 majors in 26 colleges and schools. FIU offers many graduate programs, including architecture, business administration, engineering, law, and medicine, offering 82 master's degrees, 30 doctoral degrees, and 2 professional degrees. FIU is one of Florida's primary graduate research universities, and awards close to 3,000 graduate and professional degrees annually. FIU is the 15th-largest university in the United States, the 4th-largest university in Florida, and the largest in South Florida. For Fall 2010, total enrollment was 44,010 students, including 11,109 graduate students, and 2,974 full-time faculty with over 161,000 alumni around the world. In 2007, FIU's research expenditure was $89.1 million, with an endowment of $138 million. Since 2007, more valedictorians from South Florida choose to attend FIU than any other university in the country. Admission selectivity has continued to increase with freshmen acceptance rates dropping from 43% in 2006 to 34% in 2009. U.S. News and World Report ranks FIU as the most selective university in Florida since 2007, and the most selective public university in Florida since the early-2000s. As Miami's public research university, competition to enroll at FIU has continued to increase as more students apply each year. For Fall 2009, the average incoming freshmen had an average SAT score of 1726, a 26 ACT score and a 3.74 high school GPA. ... (expand) (contract)