The College is the sole undergraduate institution and one of the oldest components of the University of Chicago, emerging contemporaneously with the university at large in 1892. Instruction is provided by faculty from across all graduate divisions and schools for its 5100 students; however, the College retains a select group of young, proprietary scholars who teach its core curriculum offerings. Unlike many major American research universities, the College is small in comparison to the University's graduate divisions, with graduate students outnumbering undergraduates at a 2:1 ratio. The College is most notable for its core curriculum pioneered by Robert Maynard Hutchins, which remains the most expansive amongst highly ranked American colleges, as well as its emphasis on preparing students for continued graduate study; 85% of graduates go onto graduate study within 5 years of graduation, which is higher than any other school, and around 15-20% of graduates go on to receive PhDs.
For 2013, U.S. News & World Report ranked the University of Chicago as 4th in the nation for undergraduate education, behind Harvard, Princeton, and Yale and tied with Columbia making it the highest ranked non-ivy league school in the list.
In 2012, Forbes magazine ranked the University of Chicago's undergraduate program 4th in the country, ahead of every Ivy League institution except Princeton; it was also ranked 1st in the Midwest, 3rd among research universities, and 4th among private colleges. In 2010, Forbes also named the University of Chicago a "billionaire university," ranking the university as the 6th most successful in the country for producing billionaire alumni.
In 2007 Princeton Review named the College as having the "Best Undergraduate Academic Experience" in the United States. In the 2012 edition of The Best 376 Colleges, the Princeton Review ranked UChicago 7th for politically active students, 9th for students who study the most, 13th for the best college library, and named it a "best-value college"; the Princeton Review moreover finds that in general applicants to UChicago also simultaneously apply to Ivy League institutions and their associates.
In 2012, Newsweek ranked UChicago 5th for having happy students, 9th for academic rigor, and 12th for being stressful.