The University of South Florida is a high-impact, global research university located in beautiful Tampa Bay on Florida's spectacular west coast. It is one of the largest public universities in the nation, and among the top 50 universities, public or private, for federal research expenditures. The university is one of only four Florida public universities classified by the Carnegie Foundation for the Advancement of Teaching in the top tier of research universities, a distinction attained by only 2.3 percent of all universities. Serving over 48,000 students, the USF System has an annual budget of $1.5 billion and an annual economic impact of $4.4 billion. The USF System includes three separately accredited institutions by the Southern Association of Colleges and Schools Commission on Colleges: USF; USF St. Petersburg; and USF Sarasota-Manatee. The university's main doctoral granting institution located in Tampa is home to over a dozen colleges and USF Health, which includes the Colleges of Medicine, Nursing, Public Health and Pharmacy. The university offers a dynamic learning environment that inspires innovation, creativity and collaboration and is focused on student success. More than 2,000 distinguished scholars, researchers and expert teachers, nearly all holding PhDs or the highest degrees in their fields, make up the USF faculty – including the 2012 U.S. Professor of the Year. USF St. Petersburg and USF Sarasota-Manatee offer bachelors and masters degrees in two distinctive waterfront settings with smaller class sizes and a number of niche programs. USF is a member of the American Athletic Conference, with 17 men's and women's varsity teams competing at the NCAA-level. New facilities for practice and competition, along with a completely renovated USF Sun Dome in Tampa, put the university's athletic facilities on par with virtually every top program in the country.