The University of Valencia is a university located in the Spanish city of Valencia. It is one of the oldest surviving universities in Spain, and the oldest in the Valencian Community, and is regarded as one of Spain's leading academic institutions. The University was founded in 1499, and currently has around 55,000 students. Most of the courses are given through the medium of Spanish, but the university has promised to increase the number of courses available in Valencian. Moreover, in some degrees part of the teaching is in English. It is located in the Mediterranean Spanish baseline, in the city of Valencia which is the capital and most populous city of the autonomous community of Valencia and the third largest city in Spain, with a population of 829,705 in 2014. One of its campuses is located in the metropolitan area of Valencia, in the municipalities of Burjassot and Paterna. The University of Valencia has 18 Schools and Faculties located in its three main campuses. Each one allocates different academic departments and offers undergraduate, official masters and PhD programs.