Excellent schools are available in Woodway, as the city is served by two public school systems, Midway and Waco. Woodway is within commuting distance of a broad spectrum of higher education as well. Baylor University, the world's largest Baptist university, has a well-respected reputation in the world of academia. The Texas State Technical College System is headquartered in Waco. McLennan Community College is a public junior college with a large curriculum.

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