The Little Ivies are an unofficial group of small, 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. According to Bloomberg, the Little Ivies are also known for their large financial endowments, both absolutely and relative to their size.

A liberal arts college or liberal arts institution of higher education is a college with an emphasis on undergraduate study in liberal arts and general sciences. Such colleges aim to impart a broad general knowledge and develop general intellectual capacities, in contrast to a professional or vocational curriculum. Students in a liberal arts college generally major in a particular discipline while receiving exposure to a wide range of academic subjects, including general sciences as well as the traditional humanities subjects taught as liberal arts. Although it draws on European antecedents, the liberal arts college is strongly associated with American higher education, and most liberal arts colleges around the world draw explicitly on the American model.