Hmm, the way its said though seems like the two factions were made by a division of the former Mages guilds rather than people, as J'zargo mentions hes been to them both as if they were a place to go.
Something in the back of my mind is telling me the Arcane university only is the College of Whispers and the rest of the Mages guilds in the other towns would be the Synod.
anyway, If I can't find a definite answer, I'll need to make the most logical sense of it and decide myself