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At UCF, you get bang for your buck — or at least that's what the latest ranking by Kiplinger magazine suggests.

For the fifth year in a row, UCF has been named one of the "best value" public universities in the nation by the financial magazine and sits at No. 42 on the list of 100 schools.

According to the magazine's website, the rankings are based on a study that takes into account the cost of tuition, financial aid, graduation rates, competitiveness, freshman retention, student-to-teacher ratios and student indebtedness.

Related: Tampa, Gainesville beat Orlando in college town ranking

UCF's total cost per year for an in-state student is reported as $16,814. Its total cost per year for an out-of-state student is $32,913. According to the ranking, the average amount of debt a student at UCF graduates with is $23,186.

The University of Florida (No. 2), New College of Florida (No. 13), Florida State University (No. 22), University of South Florida (No. 52), Florida International University (No. 61) and the University of North Florida (No. 66) also made the list. The top ranked best value school in the nation is the University of North Carolina at Chapel Hill, according to the report.

This isn't UCF's first rodeo being named a bargain school, though. The Princeton Review ranked UCF No. 150 on its list of the best value universities earlier this year.

Click here to see the full list released by Kiplinger magazine.

Related: UCF named to top-50 most LGBT-friendly schools in nation

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Jessica J. Saggio is the Managing Editor at the Central Florida Future. Follow her on Twitter at @JessicaJSaggio or email her at JessicaS@KnightNewspapers.com

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