Academy
An academy (Attic Greek: Ἀκαδήμεια; Koine Greek Ἀκαδημία) is an institution of secondary education, higher learning, research, or honorary membership. The term academia refers to the worldwide human group composed of professors and researchers at institutes of higher learning.
University
A university (Latin: universitas, "a whole") is an institution of higher (or tertiary) education and research which awards academic degrees in various academic disciplines. Universities typically provide undergraduate education and postgraduate education.