U.S. News & World Report's annual college rankings is out, with the University of California, Los Angeles beating out crosstown rivals the University of Southern California.

UCLA came in at No. 23, tied with the University of Virginia. Meanwhile, USC sits at No. 25 in a two-way tie with Carnegie Mellon University.

Last year, the two rivals tied at No. 23 along with Carnegie Mellon University, the University of Virginia and Wake Forest University.

Predictably, elite Ivy League trio Princeton (1), Harvard (2) and Yale (3) sit on top of the list. Columbia University, Stanford and the University of Chicago tied for the No. 4 spot.

A few California-based schools ranked high on the list as well: Cal Tech squeezed into the top 10, and UC Berkeley edged out UCLA and USC, coming in at No. 20.

UCLA was also listed as the No. 2 top public school, and Berkeley held the No. 1 spot.

To compile the college rankings list, U.S. News & World Report examined colleges' location, campus life, academic offerings, sports, activities, cost, financial aid, and freshman retention and graduation rates.

Recently, The New York Times released an index that reveals which schools students picked over others. When you compare UCLA and USC, more students picked being a Bruin over being a Trojan.