Who knows, you may luck out and recruit an intern or two, but it will be tough to convert them to regular employees. Choose your schools carefully. Base your choices on who is competing against you, what types of expectations students have, how many students there are and what your managers are like. Managers from schools with great reputations tend to attract students.
Local schools produce great employees and always have.
They usually turn out the majority of your hires, anyway, so focus your intern programs on those schools and those students. Try to get the best from the local schools. Leave MIT to IBM or some other high-profile company. I am always amazed to see small companies with little technology edge trying to convince an MIT or UC Berkeley or CAL TECH student to come intern with them. Be very realistic and realize that most great inventions, patents and work come from ordinary people who went to ordinary schools.