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SmartAsset recently released a list of the Top 10 best and highest ranking colleges in Indiana.

They ranked these colleges based on five factors: tuition fees, living costs for students, scholarships and grants available, student retention rate, and starting salaries for new graduates.

Here are the top 10 colleges in Indiana:

1. Purdue University

Illinois v Purdue Source:Getty

Purdue University ranked as the No. 1 college in Indiana, with a college education value index of 86.80.

2. University of Notre Dame

Golden Dome on the Main Building Source:Getty

The University of Notre Dame is ranked as the No. 2 college in Indiana, with a college education value index score of 75.14.

3. Wabash College

Walkway entrance to campus at Wabash College in Crawfordsville Indiana Source:Getty

Wabash College is ranked as the No. 3 college in Indiana, with a college education value index score of 74.58.

4. Rose-Hulman Institute of Technology

308 - Rose-Hulman Institute of Technology Source:Getty

5. Indiana University-Bloomington

Bloomington Indiana University entrance to college campus Source:Getty

6. DePauw University

A view of DePauw University under the beautiful blue sky

7. Indiana University-Purdue University-Indianapolis

IUPUI University Campus Building Indianapolis Indiana Source:Getty

8. Taylor University

Taylor University Source:other

9. Trine University

Trine University Campus Source:Trine University

10. Valparaiso University

Valparaiso University... Source:Getty