Small class sizes and a solid graduation rate give DePauw University, located an hour outside Indianapolis, a reputation as a top liberal arts school. Its roughly 1,800 students are active in a variety of extracurricular activities, and the university's popular Winter and May Term service trips send many of them to developing countries for community service.

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Students can choose from more than 50 majors and minors, including environmental geoscience, peace and conflict students, and kinesiology. While DePauw doesn't have a journalism degree program (just a minor), the school does have a rich history of graduating future journalists. That's unsurprising given the college's history: The Society of Professional Journalists, known then as Sigma Delta Chi, was founded there in 1909, and The DePauw is the oldest college newspaper in Indiana.

About 79% of students graduate within six years, and students go on to earn a median salary of more than $70,500 within 10 years of enrolling — that’s a roughly $3,900 earnings premium over similar schools, according to Money’s analysis.

DePauw is home to the nation's first sorority, and Greek life remains an important part of the social scene. Some 62% of all students are in sororities or fraternities, and students live on campus throughout their time as undergraduates.