As mentioned in the MSN online dictionary...

Definition:

1. institution of higher learning: an institution of higher learning that provides education to undergraduates and awards bachelor's and sometimes master's degrees

2. university school or division: a school or a division of a university that usually has its own dean and other administrators and whose faculty teaches and confers degrees in specific academic fields

3. members of college: the faculty and students of a college

4. U.K. part of British university: a division of some of the larger British universities, e.g. Oxford and Cambridge

5. professional body: a group of people, usually of the same profession, who have agreed duties and rights

6. college buildings: the building or buildings of a college

7. U.K. British school: used as part of the name of some British private schools
Eton College

8. body of clergy: a group or body of clergy who live together