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Yale University is a private university in New Haven, Connecticut. Founded in 1701 as the Collegiate School, Yale is the third-oldest institution of higher education in the United States and is a member of the Ivy League. According to THES-QS World University Rankings's 2008 "World's Best Colleges and Universities" index, used by U.S. News & World Report, Yale ranks 2nd among the top 200 universities in the world. Yale is widely regarded as one of the leading and most prestigious universities in the world, and it has produced a number of U.S. presidents and foreign heads of state.