Simplify the following text for a Grade 8 native English-speaking person.
Original: Lund University , established in 1666 , is Sweden 's largest , with 42,000 full or part-time students , although not all live in Lund . The figure includes Lund Institute of Technology , which is to some extent independent of the old university .
Simplified: Lund is known for its university , Lund University ( founded in 1666 ) .