The most enduring symbol of the university is the Old Well, a small neoclassical rotunda based on the Temple of Love in the Gardens of Versailles, in the same location as the original well that provided water for the school.[83] The well stands at the south end of McCorkle Place, the northern quad, between two of the campus's oldest buildings, Old East, and Old West.
That same year, the public universities in North Carolina had to share a budget cut of $414 million, of which the Chapel Hill campus lost more than $100 million in 2011.[53] This followed state budget cuts that trimmed university spending by $231 million since 2007; Provost Bruce Carney said more than 130 faculty members have left UNC since 2009.,[54] with poor staff retention.[55] The Board of Trustees for UNC-CH recommended a 15.6 percent increase in tuition, a historically large increase.[54] The budget cuts in 2011 greatly affected the university and set this increased tuition plan in motion[53] and UNC students protested.[56] On February 10, 2012, the UNC Board of Governors approved tuition and fee increases of 8.8 percent for in-state undergraduates across all 16 campuses.[57]
The university offers degrees in over 70 courses of study and is administratively divided into 13 separate professional schools and a primary unit, the College of Arts & Sciences.[16] Five of the schools have been named: the UNC Kenan–Flagler Business School, the UNC Hussman School of Journalism and Media, the UNC Gillings School of Global Public Health, the UNC Eshelman School of Pharmacy, and the UNC Adams School of Dentistry. All undergraduates receive a liberal arts education and have the option to pursue a major within the professional schools of the university or within the College of Arts and Sciences from the time they obtain junior status. It is classified among "R1: Doctoral Universities – Very high research activity", and is a member of the Association of American Universities (AAU).[17][18] According to the National Science Foundation, UNC spent $1.14 billion on research and development in 2018, ranking it 12th in the nation.[19]
Despite initial skepticism from university President Frank Porter Graham, on March 27, 1931, legislation was passed to group the University of North Carolina with the State College of Agriculture and Engineering and Woman's College of the University of North Carolina to form the Consolidated University of North Carolina.[34] In 1963, the consolidated university was made fully coeducational, although most women still attended Woman's College for their first two years, transferring to Chapel Hill as juniors, since freshmen were required to live on campus and there was only one women's residence hall. As a result, Woman's College was renamed the "University of North Carolina at Greensboro", and the University of North Carolina became the "University of North Carolina at Chapel Hill."[35][36][37] In 1955, UNC officially desegregated its undergraduate divisions.[38]
The ACC schedule-makers produced a helpful first league schedule for new UNC basketball coach Hubert Davis. Davis’ first Tar Heels team plays Florida State, Virginia, Syracuse, and Pittsburgh only at the Smith Center. Trips to Charlottesville, Va., and Tallahassee, Fla., which have been rough ones for UNC in recent years, aren’t part of the schedule. (Tar Heel Tribune)