Princeton and Harvard top college list

Coming in at number three is Yale followed by Cal Tech, MIT, Stanford and the University of Pennsylvania in a four-way tie Williams heads the list of liberal arts colleges while Dartmouth wins a new category that ranks commitment to undergraduate teaching.

The ranking formula takes into account factors such as SAT scores, peer reputation, selectivity and alumni giving.

The yearly report card remains a hot topic of debate among educators. While few openly embrace the idea of numerically ranking colleges, some call the rankings a helpful consumer tool. But many others consider the practice harmful for both students and colleges.

For a complete list of "America's Top Colleges" go to: America's Top Colleges

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