AUSTIN, Texas -- The University of Texas at Austin has been given a prestigious honor.

The university has been recognized as the 26th best university in the world and the 7th best public school in the U.S. by the Center for World University Rankings.

UTwas also named a best buy by the Fiske Rankings, which takes into account the academic offerings and affordable cost.

UTPresident Bill Powers said of the honors, Faculty quality drives rankings, rankings build reputation, and a rising reputation attracts students, professors and staff of an ever higher quality.

Texas A&MUniversity and Rice University were also among the top 100 universities in the world. Both were named best buys as well.

To see the full list go here.

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