WEST LAFAYETTE, Ind. (WLFI) — The Wall Street Journal and Times Higher Education have named Purdue University the fourth best valued institution in the United States.

The survey, released Wednesday, included 938 institutions. It calculated the universities by dividing each of the top 250 schools' overall score (WSJ/THE rankings of U.S. Institutions), by its average net price. The rankings took into account four areas. Forty percent of the overall score is based on student outcomes, 30 percent from resources, 20 percent from engagement with students and 10 percent from the learning environment, according to the Wall Street Journal.

Berea College in Kentucky, the University of North Carolina and the University of Washington ranked above Purdue, respectively.

The survey also listed Purdue as the 6th best public university in the country, falling one spot from its number five rank last year. UCLA, Michigan, California Berkeley, North Carolina and the California Davis, rank ahead of Purdue among public universities.

As we previously reported, Purdue froze tuition for the 7th consecutive year in April. The university's current tuition freeze will continue through the 2019-20 academic year. Tuition for the 2019-20 academic year will be nearly the same tuition paid in the 2012-13 year. Five graduating classes at Purdue will have earned Purdue degrees without an increase.