This is also a large part of why the "Ivy League" is perpetuated. Not because the graduates or the education is special, but because it provides a "stamp" that

This is also a large part of why the "Ivy League" is perpetuated. Not because the graduates or the education is special, but because it provides a "stamp" that its alumni can give out to clients to give authority to client decisions and absorb heat from cover clients' mistakes.