In addition to its annual rankings of best colleges, Time.com's Money website recently released a list of the highest-ranked schools for each state.

"Here's how Money determined which of the roughly 2,000 four-year U.S. colleges and universities deliver the most value — that is, a great education, at an affordable price, that prepares students for rewarding careers," the story reads.

Brigham Young University received the nod for the state of Utah. According to Money, the school has realtively high early career earnings among its recent graduates in comparison to schools that take students with similar test scores and economic backgrounds, and has lower tuition costs.

According to Money, BYU has "a high graduation rate, competitive salaries for recent graduates and a very affordable price for a private education."

The full profile addresses the school's honor code: "The lack of distraction appears to work to students’ advantage: 79 percent of students graduate within six years, 11 percent higher than comparable schools," according to Money.

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BYU tied for fifth overall with the University of California-Berkeley.

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