#1. University of Michigan - Ann Arbor

#1. University of Michigan - Ann Arbor

#1. UNIVERSITY OF MICHIGAN - ANN ARBOR | - Tuition: $51,200 (out-of-state); $15,558 (in-state, #10 most expensive) - Location: Ann Arbor, Michigan - Students: 28,702 (student-to-faculty ratio: 11:1) - Acceptance rate: 27% (ACT: 30-33; SAT: 1330-1500) - Outcomes: graduation rate: 92%; six-year median earnings: $63,400 And the winner is...the University of Michigan - Ann Arbor, a school that has been ranked the #1 public research university in the country, and that offers some of the top business, engineering, and psychology programs in the nation. Of course, for out-of-state students, that prestige comes with a high price tag: The Board of Regents approved a 3.7% tuition increase prior to the 2019–20 academic year, taking the $49,000 cost above $51,000. However, the cost of tuition seemingly doesn't bear too much of a burden: Niche still ranks UMich as having the #3 student life in America. (Ken Wolter // Shutterstock)