Colleges and Universities are often interchangeable with both institutions offering a higher education degree. A university is usually a larger institution with smaller specialty schools like the School of Nursing or the School of Education. A College is generally for one specific area of learning and can be under the umbrella of a university. For more information, please visit: http://wiki.answers.com/Q/What_is_the_difference_between_a_college_and_a_university
Though "college" is a term that is used to describe any school of higher learning, colleges and universities are two distinctive things. Colleges have different academic departments while universities are different colleges under one big name.