University of Michigan is number two in the national college rankings for licensing royalties from merchandise sales.
It's the fourth-straight year the school has held the slot.
North Carolina is number one on the list. Rounding out the top five are Texas, Notre Dame and LSU. The ranking for LSU jumped on the strength of its share of the national football championship.
Collegiate Licensing ranks about 180 institutions for which it licenses merchandise and apparel.
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