KNOXVILLE, Tenn. (WVLT) -- The Princeton Review has named the University of Tennessee Knoxville one of its "150 Best Value Colleges for 2012".

The list ranks UT among the 75 best values in public higher education. For the first time this year, the list also noted UT's commitment to diversity and civility.

The Princeton Review ranks colleges based on undergraduate academic quality, affordability, and availability of financial aid. The list includes 75 public and 75 private colleges and universities.

In a release, UT Chancellor Jimmy Cheek said, "We work very hard to be good stewards of our resources by delivering a high-quality education in as efficient a manner as possible. We are proud to be included in the 'Best Value' list again this year."

This year's list describes UT as offering students "the great program diversity of a major university," opportunities for research or original creative work in every degree program, and "a welcoming campus environment" with "a great sense of unity" and acceptance of diversity. The profile also noted the abundance of scholarships based on need or merit to those who need them, including the Tennessee Lottery HOPE Scholarship, and university-funded scholarships.