 Students who study at any of them are also considered registered students of the University of Waterloo; with students from the federated universities able to enrol in classes and faculties, and graduate as a student from the University of Waterloo.Regardless of the affiliated colleges and federated university's religious affiliations, enrolment is not restricted based on the student's religious beliefs.The university completed the 2014–2015 academic year with revenues of $936.240 million and expenses of $906.730 million, yielding a surplus of $29.510 million.