INSTITUTE n.
n institution; a society established for the promotion of learning, art, science, etc.; a college; as, the Institute of Technology; also, a building owned or occupied by such an institute; as, the Cooper Institute.
JUNIOR n.
Hence: One of a lower or later standing; specifically, in American colleges, one in the third year of his course, one in the fourth or final year being designated a senior; in some seminaries, one in the first year, in others, one in the second year, of a three years' course.
LICENTIATE n.
who has a license to exercise a profession; as, a licentiate in medicine or theology. The college of physicians, in July, 1687, published an edict, requiring all the fellows, candidates, and licentiates, to give gratuitous advice to the neighboring poor. Johnson.