I've been hiring both interns and recent grads from engineering and programming positions since 1981 when I first hired a dozen interns out of Drexel.
While MIT and Rensselaer Polytechnic Institute interns and grads have impressed me as hands-down the most brilliant, Drexel students are usually the most prepared for the challenges of every-day work life with Rowan University (formerly Glassboro State) coming in somewhat behind Drexel. (Based on my experiences, Drexel's 5-year program that includes 4 six-month internships should be adopted EVERYWHERE).
Mind you, I usually see applicants only from North Eastern colleges, but over the years it means I've probably hired more than 200 of these individuals.
[Unfortunately, I've never even gotten a resume from anyone from my alma mater, the University of Bridgeport, in response to a want-ad, so I can't say good or ill of UB products.]