University of Florida rated best college in state by TIME magazine

The University of Florida is the best college in the Sunshine State, according to TIME magazine. 

TIME released rankings Thursday breaking down the best schools state by state. Colleges are judged on a range of factors including academics, cost of tuition and student life.

The report described Florida as one of the "best bargains," citing its low price of attendance and the overwhelming majority of undergraduates who receive state or grant funding to defray some of the costs.

Another selling point? Athletics: "The Gators, of course, are one of the strongest college sports franchises in the country. The football team routinely wins a bowl berth, but athletic success is widespread," the report said.

As for The Peach State? The magazine ranked Georgia Tech the best college.