University of Banja Luka at the University of Banja Luka in 2006/2007 school year, although some faculties started the Bologna reform earlier. Since 13. April 2011 University is full member of European University Association. It is also member of European Forest Institute and participate in TEMPUS, CEEPUS and 7th Framework Programme programme. Through student exchange programs cooperation university hosted students from Sapienza University of Rome, Plovdiv University, University of Strasbourg, University of Graz, University of the District of Columbia, Univerzitet u Prištini and University of Freiburg. The university is divided into 16 faculties: With following institutions and/or their departments University of Banja Luka has
Peggy Rae Sapienza the University of Maryland, her alma mater, for a student majoring in economics "to help facilitate the education of a hardworking student and encourage him or her toward graduation" (Sapienza had graduated summa cum laude with a B.A. in economics). On June 5, 2015, Chicon 7 created the Peggy Rae Sapienza Endowment to benefit the special collections library at Northern Illinois University, using the last of Chicon 7’s surplus funds. Chicon 7 Chair Dave McCarty announced the initial endowment of $25,000 during the Nebula Awards Weekend reception at The Palmer House Hilton in Chicago. The endowment is intended to advance