In case you have not heard, HARVARD UNIVERSITY IS NO LONGER NUMBER ONE WORLD UNIVERSITY (though I'll still like to be a Harvard Alumnus). After being on the number one spot for 8 consecutive years it lost that feat as stated by the Times Higher Education (THE) University Ranking. Right at the number one spot now is California Institute of Technology (CalTech), Harvard at number 2, Stanford University at 3rd place with Oxford and Princeton Universities taking 4th and 5th position respectively.
See the full list of the world 400 universities here.
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