Tam Lin by Pamela Dean (1991)

Part of the wonderful fairy tale retelling series put out by Tor and created by Terri Windling series, this is an imaginative retelling of the Scottish ballad set in a college in Minnesota.  In this version, an English literature major discovers that she must defy the Faerie Queen to rescue her own true love.  An interesting companion novel to Donna Tartt's The Secret History, which is set among classics majors at a college.