5 of America's Oldest Universities

However, budget challenges stalled the project for nearly a decade. In 1749, founding father Benjamin Franklin banded together 24 fellow Philadelphians with his influential essay ...

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History | What Are America's Oldest Universities?

The plans for the University of Pennsylvania date back to 1740 — 36 years before the signing of the Declaration of Independence.

However, budget challenges stalled the project for nearly a decade. In 1749, founding father Benjamin Franklin banded together 24 fellow Philadelphians with his influential essay "Proposals Relating to the Education of Youth," which set the project back on track, and the University of Pennsylvania (formerly named the Academy of Philadelphia, and later, the College of Philadelphia) welcomed its first students in 1751. Today, Penn is composed of 12 individual schools, including the Wharton School of Business, regarded as one of the world's top business schools.

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