Getting a Master of Fine Arts in acting isn't cheap — the average three-year degree costs about $114,000. Then again, that's a little less than what the average TV star makes shooting a single episode — so do the math. Choosing the right school, however, can be as tricky as trigonometry. Is it better to attend one in New York or Los Angeles? How about Tennessee? What matters more: an Ivy League diploma or an Equity Card? To help sort through all these equations, THR consulted with deans, teachers, students, actors and other insiders to put together this year's list of the top 25 drama schools.

This story first appeared in the May 24 issue of The Hollywood Reporter magazine. To receive the magazine, click here to subscribe.