Auburn, Alabama Drop in Magazine's Annual Rankings

UNDATED (AP) - Alabama and Auburn dropped a few places in the latest U.S. News & World Report college rankings. Alabama slipped to 91st while Auburn was ranked 96th out of 258 public and private

However, both schools still rank in the top 50 public schools. UA fell to 42nd and Auburn dropped is 45th. The two universities were in a seven way tie for 39th last year.

Princeton tops the rankings. Harvard and Yale were second and third, respectively.

The formula for the rankings includes variables such as graduation and retention rates, faculty and financial resources, and the percentage of alumni donating money to their alma mater.

The magazine responded to one complaint about the rankings: that they punish schools for enrolling low-income students. For the first time, U.S. News is factoring the percentage of students receiving Pell Grants into its calculation of a school's "graduation rate performance."

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