College is said the to be the best four years of one’s life. In fact, at many schools, college life is one big party.

The Princeton Review has released a new study that takes a close look at this aspect of college life, with a ranking of the nation's top "party schools."

Among the factors considered in the assessment were the use of drugs and alcohol at each school, study hours outside of class and the popularity of sororities and fraternities, as well as survey results from students on campus life, social life, town life and social scene.

Some college towns appear to be facilitating students who want to spend their college years living like rock stars.

At the University of Illinois at Urbana-Champaign, for example, it is legal for 19-year-olds to enter and serve alcohol at off-campus bars, although they're still prohibited from drinking alcohol. The university itself also allows 19-year-olds to enter bars located on campus.

At the University of Florida, roughly a quarter of students surveyed by said parties are happening on campus every night of the week, while 53 percent of students say parties are even more frequent during football season.   

The following schools, in ascending order, topped the Princeton Review list of top party schools:

10. University of Rhode Island

South Kingstown, R.I.

Enrollment: 15,092

According to students, cannabis is used pretty frequently at the university, which ranked eighth in the "Reefer Madness" category—a ranking of how heavily marijuana is used among students.