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Why Define Ivies as HYPSM?

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I have noticed that on CC people use the shorthand HYPSM when they mean the Ivies. I thought the Ivies were Harvard, Yale, Princeton, UPenn, Dartmouth, Cornell and Columbia. So the question is, why do they lump other schools into that abbreviation? And the implication is that they are denigrating the other Ivies that aren't contained in that abbreviation. Does the shorthand for Ivies change every year, depending on acceptance rates, in that the schools with the lowest acceptance rates are, by some new definition, Ivies?

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