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WAICU Home The Wisconsin Association of Independent Colleges and Universities ( WAICU ) was founded in 1961 and is recognized in state statutes ( ss. 14.57, 15.377, 15.67, 16.979, 38.50, 39.285, 39.437 ( 4 ) ( a ), 115.297, and 560.27 ) as the official organization of private, nonprofit ( or independent ) colleges and universities and their 60, 000 students. Each WAICU member is a nonprofit, fully accredited, degree-granting institution, but each is unique, with its own mission and culture. All are open to people of every race, religion, and economic circumstance. All are student-centered, offering small class sizes, individual attention from professors, opportunities for involvement and leadership, and generous financial aid that makes a private higher education affordable for all qualified students.