For the second year in a row, Vanderbilt University in Tennessee has proven that happiness and academic settings where term papers are completed during caffeine-induced all-nighters don't have to be mutually exclusive.

The Princeton Review recently ranked colleges with the happiest students based on reviews from 136,000 students at 380 top colleges. The ranking revealed Monday that the happiest college students attend the Nashville-based institution.

Vanderbilt University also ranked highly in six other categories including "Best Financial Aid. The school rounded out the top 10 of colleges with the "Best Alumni Network."

"Our 62 ranking lists provide students with a way to see the types of colleges that could help them achieve their future goals and dreams," Robert Franek, the guide's author and Princeton Review senior vice president and publisher, said in a statement. While our purpose is not to crown one college academically 'best' overall or to rank the schools 1 to 380 on any single topic, our lists provide direct student feedback on the schools' campus culture, program offerings and cost. Our goal is to help applicants choose and get into their dream college -- the college best for them."

Top 10 Colleges With the Happiest Students

1. Vanderbilt University (Nashville, Tenn.)

2. Virginia Tech. (Blacksburg, Va.)

3. Claremont McKenna College (Claremont, Calif.)

4. Kansas State University (Manhattan, Kan.)

5. St. Mary's College of Maryland (St. Mary's City, Md.)

6. University of Dayton (Dayton, Ohio)

7. Clemson University (Clemson, S.C.)

8. Whitman College (Walla Walla, Wash.)

9. Rice University (Houston, Texas)

10. Tulane University (New Orleans, La.)

View the complete Top 20 list here.

The Princeton Review has released its annual college rankings in 62 categories on its website and "The Best 380 Colleges" Guidebook. It has published these rankings since 1992 in its annual Best Colleges guide.