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US News college rankings: Here are the Top 5 value schools

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Mike Gerhardt checks for the density of various elements on the periodic table that could be used to make liquid metal battery cells in this 2009 file photo at the Massachusetts Institute of Technology in Cambridge, Mass. The engineering powerhouse offers need-based grants to 62 percent of its undergraduates.

Mary Knox Merrill/The Christian Science Monitor/File

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4. Massachusetts Institute of Technology

MIT's tuition and fees total $39,212, which are the highest among the Top 5 value universities. But the engineering powerhouse offers need-based grants to 62 percent of their students, which is also the highest percentage of any of the Top 5 universities. The grants on average cover 68 percent of the school's total costs, which allows students of modest means to get a first-rate education.

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