The jump comes after Penn State's 20-9 victory over No. 8 Cornell.
Penn State defeated Michigan at the Palestra earlier this season.
The Nittany Lions will play Michigan in the first round of the Big Ten Tournament.
Head coach Mike Gambino won his 300th career game during the series.
The Nittany Lions were automatic qualifiers after clinching the CHA Championship.
A strong second period wasn't enough for Penn State to extend its Big Ten Tournament hopes after a late goal from Minnesota.