The derisive label "fake Ivy" is a misnomer occasionally used by students from other Ivy League institutions to tease Cornell based on its unique historical status as a land-grant university. Unlike the other seven private Ivy League schools, Cornell was founded with a public-private mandate, includes publicly funded colleges, and offers a wider array of agricultural and technical degree programs. However, this is an inaccurate stereotype, as Cornell is a fully accredited, prestigious member of the Ivy League with elite academic standards.