When it comes to getting a great education without breaking the bank, the College of William and Mary is number one. 

The Virginia school was ranked first by "Business Insider" in its list of "The Top 20 Public Colleges with the Smartest Students."  

The University of California-Berkeley came in second, with Georgia Tech third. 

The University of Virginia and UCLA round out the top five. 

The report says it compiled the rankings based on data compiled by "Niche" which ranks and reviews the nation's schools and colleges.