[quote=@scrawls]
Awesome! What kinds of magic are in this in this world? For example elemental magic, necromancy, enchanting... anything out of bounds?
[/quote]

Uhh nope. All on the table, just keep it reasonable. Also consider if your character is going to the university to study magic, they likely aren't a master wizard. Nor would they jave to rent such a cheap apartment if they were a master wizard of some form.

[quote=@scrawls]
Also, just to clarify, is this whole world aware of magic existing? Or is this magical area separated from a "muggle" modern part of the world or something.
[/quote]

Yes, the whole world is aware. It's a reasonably commonplace thing. And fantastical creatures are pretty everyday.