Alice Lloyd College and College of the Ozarks both took top honors as the #1 Best Value Regional College in their respective regions. According to the publication, the ranking takes into account a school's academic quality, as indicated by its 2015 U.S. News Best Colleges ranking, and the 2013-2014 net cost of attendance for a student who received the average level of need-based financial aid. The higher the quality of the program and the lower the cost, the better the deal. Only schools ranked in or near the top half of their categories are included, because U.S. News considers the most significant values to be among colleges that are above average academically.
In a related story "Paying for College", Berea College was recognized for its full-tuition scholarships. Compared to the priciest private university on the list, Columbia University (NYC), Berea grads save about $50,000 on their education. The infographic below details more info about rising college costs.