Bullcrap. The Ivy league colleges graduates are still the most sought after graduates. Go to Harvard or Yale or Brown during recruitment day. Companies from all over the world are there trying to recruit their talent - especially in the STEM fields. MBA programs in all schools (especially Ivy league has taken a hit). But STEM undergraduate from Ivy league is in very High demand. The top law firms all try to get Harvard and Yale graduates. Engineers from Ivy getting are 10-20 percent pay increase over a graduate from a lower tier college like Syracuse University (where I went). There is however a decline in US students from Ivy league colleges. International students at Ivy league colleges now account for 1/3 of all students.