By extension, the term also refers to the eight schools considered as a group, and to social characteristics perceived to be common to the group. The schools of the Ivy League are all old—all but Cornell having been founded before the American Revolution. They are sometimes referred to as the Ancient Eight.<ref>Harvard, Yale, and Princeton were at one time referred to as the Ancient Three. The phrase Ancient Eight may be an extension of that phrase. The Ivy League is ''not'' comprised of the eight oldest colleges in the U. S., however. It fails to include William and Mary or Rutgers, and includes Cornell, which is younger than many other colleges.</ref> They are all stellar in academics, and all of them have a traditional connection with social prestige. | By extension, the term also refers to the eight schools considered as a group, and to social characteristics perceived to be common to the group. The schools of the Ivy League are all old—all but Cornell having been founded before the American Revolution. They are sometimes referred to as the Ancient Eight.<ref>Harvard, Yale, and Princeton were at one time referred to as the Ancient Three. The phrase Ancient Eight may be an extension of that phrase. The Ivy League is ''not'' comprised of the eight oldest colleges in the U. S., however. It fails to include William and Mary or Rutgers, and includes Cornell, which is younger than many other colleges.</ref> They are all stellar in academics, and all of them have a traditional connection with social prestige. |