Ecuador has 61 universities, many of which still confer terminal degrees according to the traditional Spanish education system, honoring a long tradition of having some of the oldest universities in the Americas: University of San Fulgencio, founded in 1586 by the Augustines; San Gregorio Magno University, founded in 1651 by the Jesuits; and University of Santo Tomás of Aquino, founded in 1681 by the Dominican order.