In Brazil, these degrees are known as graduação:
Bachelor's (bacharelado): varies between 3 to 6 years to complete. Enables individuals to act as professionals in a certain area (e.g., lawyer, economist, physician).
Licentiate (licenciatura): varies between 3 to 4 years to complete. Enables individuals to act as elementary or secondary school teachers in a certain area (e.g., licensed teacher of Math, English, Biology, etc.).
Technology (tecnologia): varies between 2 to 3 years of full time studies to complete. This degree takes a shorter time period to obtain, with specific professional courses aimed at providing highly specialized knowledge (e.g., agribusiness technical degree, tourism management degree, etc.).
Degree programs in public universities are totally financed by the government. In private higher education institutions, however, the course fees and degree programs vary in price significantly. Although lower cost courses are available, fees for some degree avenues are very expensive.