The American Institute for Economic Research (AIER) has released its annual “College Destinations Index” (CDI), a quantitative ranking of the 75 best towns and cities to live in if you’re a college student. The locations were chosen from an analysis of the 222 metropolitan statistical areas (MSAs) with student populations of 15,000 or more.

The institute simultaneously released the first edition of a new companion guide – {2010-2011 College Destinations}– a four-color booklet that ranks all 222 MSAs, profiling the top 40 locations – ten in each of four population categories – and what they have to offer.

Washington, D.C. was named the third best major metropolitan area in the country for college students, up one spot from last year.