On 17 January 1556 Pope Paul IV, seeing the great good that the Collegio Romano was for the young, gave it the privilege of conferring degrees in philosophy and theology with all the privileges of other universities. At this time also Ignatius founded the print shop which over the years introduced new typefaces, becoming the model in the business. Due to flood damage in that part of the House of Frangipani, and because of the growing number of students, the Roman College in 1558 moved to the house of Giovan Battista Salviati, that connected to the back of the church of Santa Maria in Via Lata, on the east side of today's Piazza del Collegio Romano.