Gustavus Adolphus College (/ɡəsˈteɪvəs/ gəs-TAY-vəs) is a private, coeducational liberal arts college. A four-year, residential institution, Gustavus Adolphus College was founded in 1862 by Swedish Americans and is affiliated with the Evangelical Lutheran Church in America. To this day the school retains Swedish and Lutheran heritage. The premier event on campus is the annual Nobel Conference, which features Nobel Laureates and other scholars explaining their expertise to a general audience. In 2015, U.S. News & World Report ranked Gustavus as the 64th best liberal arts college in the United States. The college is ranked No. 38 for liberal arts colleges on Payscale's 2016-17 list of highest-paid graduates.