The University of Louisiana at Lafayette has been bestowed with yet another prestigious honor. The U.S. Department of Education's College Affordability and Transparency report lists UL as the most affordable four-year university in the state of Louisiana.

According to the report, UL is 18 percent more affordable than the next closet state university on the list. It also puts the university in the top ten percent of most affordable schools in the country.

“Providing a high-quality education at a very reasonable rate for our students has always been a hallmark of UL Lafayette,” said Dr. Joseph Savoie, president of the university. “We continue to face budget challenges and increasing costs, yet never lose sight that access for our students to achieve a higher education is important to their livelihoods and families, as well as the economic future of our state.”

In the 2009-10 school year, students paid an average of $5,129 per year in order to attend.