Original sentence: Certain Historically black colleges, Jesuit universities, Southern universities and public universities have similarly adopted unofficial groupings as "ivies".The Little Ivies is an unofficial grouping of small, academically competitive private liberal arts colleges in the Northeastern United States.The term is occasionally used to describe the indefinite grouping of private liberal arts colleges
Edited sentence: According to Bloomberg, the Little Ivies are also known for their large financial endowments, both absolutely and relative to their size.The Little Ivies (singularly Little Ivy) are a group of small, highly academically competitive private liberal arts colleges in the Northeastern United States.The term Little Ivy derives from these schools' small student bodies, standards of academic excellence, associated historic social prestige, and highly selective admissions comparable to the Ivy League.The term is generally and most associated with the colleges of the New England Small College Athletic Conference (NESCAC), with select schools from the Liberty League, Patriot League and the Centennial Conference