The University of Delaware, including the Lerner College of Business & Economics, is a public university. It is state-assisted and receives funding from the Delaware government, though it operates with a mix of public and private support. Founded in 1743, it offers a range of undergraduate and graduate programs, with the Lerner College being AACSB-accredited.
As a public institution, it provides lower tuition rates for in-state students compared to out-of-state or international students. The university combines research-driven education with practical learning opportunities, serving as a key academic and economic hub in the region.