Experience is the best teacher, but the tuition is high. Norwegian Proverb

MONEY’s annual Best Colleges ranking is designed to help families find a great college at a great price. For many college-bound students, that means a campus within a few hours of home. In fact, 8 in 10 college freshman attend a school that’s less than 500 miles from home, according to UCLA’s annual survey of college freshman.

The University of Virginia has been named the Best College for your money in the Commonwealth. Here's the breakdown:

Overall rank: 9

Estimated price for 2016-17 without aid: $28,100

Estimated price for 2016-17 with average aid: $12,000

Average student debt: $19,500 Early career earnings: $55,400

UVA boasts the highest graduation rate of any public university in the country, at 93%. The university’s academic strengths are wide-ranging, and the campus is the only U.S. college to be designated a UNESCO World Heritage Site.

The problem for many may be that in 2015, UVA received 32,426 applications for 3,675 spots. So the competition is stiff, but the payoff grand (as in $28 grand).