Kenyon College Gambier, Ohio, United States. Current annual tuition and fees: $38,140. With 176 faculty members and just 1,600 students, Kenyon has a faculty-to-student ratio of about nine to one, and class sizes are usually less than 15 people--so students get some bang for their buck.

About 70% of Kenyon's students receive some type of financial assistance. Founded in 1824, this liberal arts school is the oldest private college or university in Ohio. Famous alums include U.S. President Rutherford B. Hayes, author E.L. Doctorow and actor Paul Newman.

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