and the present Universidad Católica de la Santísima Concepción in 1991 was the Pontificia Universidad Católica de Chile, Talcahuano campus. The Universidad Tecnológica Metropolitana (known by its acronym, UTEM) was founded on August 30, 1993. Currently, there are three types of universities in Chile, applicable to the traditional universities, and which classifies them according to specific characteristics: State-owned universities (universidades estatales). These are the Universidad de Chile, Universidad de Santiago de Chile and derivative universities, most of which were created in the 1980s from the regional campuses of the former two. Universities of the Catholic Church. Similarly to the regional estatales, some of these were created from the regional campuses of the Pontificia Universidad Católica de Chile in the 1970s, while others originated earlier as stand-alone universities. Three private universities, owned by non-profit foundations. These are the Universidad Austral de Chile and the Universidad de Concepción founded by the citizens respectively of Valdivia and Concepción, and the Universidad Técnica Federico Santa María, created, originally in Valparaíso, by the last will and testament of Federico Santa María Carrera. Twenty-five traditional universities are today grouped in the Consejo de Rectores (Rectors' Council). Since the 1970s, these universities have managed a common higher education admissions test known as the Prueba de Aptitud Académica ("scholastic-aptitude test") and, since 2003, as the Prueba de Selección Universitaria (PSU, "university-selection test"). Some of the more academically accomplished and/or ambitious new private universities, dating from the 1980s and chiefly set up by political groupings, Catholic sects or entrepreneurs, subscribe to PSU for all undergraduate admissions. External links Consejo de Rectores de las Universidades Chilenas Chilean Traditional Universities in UniverSite.cl Traditional universities