The flagship of the University of North Carolina system, it is considered to be a Public Ivy, or a public institution which offers an academic experience similar to that of an Ivy League university. After being chartered in 1789, the university first began enrolling students in 1795, making it one of the oldest public universities in the United States. Among the claimants, the University of North Carolina at Chapel Hill is the only one to have held classes and graduated students as a public university in the eighteenth century.