WHAT IS BUSINESS ADMINISTRATION REALLY?It's college tour time and parents and students are exploring all the options for the next step in their lives. As they tour, they will begin to wonder, what are the differences between a college and university? Many people think that the term college means a private school and that a university is state funded. Others believe that you receive a better education at a university as opposed to a college. In actuality, the differences between a college vs. university can be harder than you think to define.