Established in 1964 and merged with Boston State College in 1982, the University of Massachusetts Boston is the second largest of the five universities in the UMass System and the most diverse four year public postsecondary institution in New England. Situated on the waterfront in a working class neighborhood of Boston, the university provides the residents of greater Boston educational excellence at moderate cost. UMass Boston’s unique mission is to provide challenging teaching, distinguished research, and extensive service in response to the academic and economic needs of the state's urban areas and diverse populations. UMass Boston is one of the city’s primary educational resources and is widely known for the integration of its urban mission in its curriculum, teaching, research, and service. UMass Boston is also widely known for serving large numbers of non-traditional, historically underserved students. Undergraduate enrollment for Fall 2006 was 9,246 (headcount); 29% of the undergraduates with a known race were traditionally underrepresented students (Black, Hispanic, Native American or Alaskan Natives); 43% were students of color. (UMB Institutional Research [OIRP], 2006) In addition, large numbers of undergraduates are low income, first generation college students. In 2005-06, of the undergraduates who applied for financial aid, 51% were first generation college students; 33% were Pell-eligible; and 20% were both low income and first generation college students. (Office of Student Financial Assistance [OSFA], 2007)