University of Michigan has topped its public peers in research and development spending for the third year in a row, according to the U.S. National Science Foundation. The Ann Arbor school spent $1.28 billion on research during the 2010-11 fiscal year, up 8 percent from the previous year, according to the NSF. Because NSF and U-M use different accounting standards, their tallies for research spending vary slightly. U-M reported a $1.24 billion research enterprise in 2011- lower than that reported by the NSF. The university, home to roughly 43,400 graduate and undergraduate students, ranked second among all universities in research spending, with Johns Hopkins University in Maryland ranked first.
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