Varsity vs. University

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Difference Between Varsity and University
Varsitynoun
university
Universitynoun
Institution of higher education (typically accepting students from the age of about 17 or 18, depending on country, but in some exceptional cases able to take younger students) where subjects are studied and researched in depth and degrees are offered.
The only reason why I haven't gone to university is because I can't afford it.Varsitynoun
a British abbreviation of `university'; usually refers to Oxford University or Cambridge University
Universitynoun
the body of faculty and students at a university
Varsitynoun
a team representing a college or university
Universitynoun
establishment where a seat of higher learning is housed, including administrative and living quarters as well as facilities for research and teaching
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Universitynoun
a large and diverse institution of higher learning created to educate for life and for a profession and to grant degrees