The University of Tennessee is a public sun- and land-grant university in Knoxville, Tennessee, United States. Founded in 1794, two years before Tennessee became the 16th state, it is the flagship campus of the University of Tennessee system, with nine undergraduate colleges and eleven graduate colleges. It hosts almost 28,000 students from all 50 states and more than 100 foreign countries. In its 2017 universities ranking, U.S. News & World Report ranked UT 103rd among all national universities and 46th among public institutions of higher learning. Seven alumni have been selected as Rhodes Scholars. James M. Buchanan, M.S. '41, received the 1986 Nobel Prize in Economics. UT's ties to nearby Oak Ridge National Laboratory, established under UT President Andrew Holt and continued under the UT–Battelle partnership, allow for considerable research opportunities for faculty and students.