Two of the top three colleges in the nation can be found in Massachusetts, according to the latest U.S. News & World Report ranking of the country's best universities.

Just like last year, MIT in Cambridge is ranked second behind Princeton University, and Harvard University is third.

MIT is also ranked No. 4 on the publication's list of "Best Value Schools," as it is tuition-free for families making less than $200,000 a year. The school has the top-ranked undergraduate engineering programs and the best business and computer science programs, U.S. News said.

Harvard this year also offered free tuition to more middle-class families and has the best psychology programs, according to U.S. News. The annual cost for Harvard after receiving grants is just over $15,000 a year,

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