The main difference is that college is meant to achieve cold hard results. The Ivy League colleges are in theory going to produce better results. They will produce better doctors to heal people and better engineers to build buildings. That is why the term Ivy League is appropriate. The point of a yeshiva is not to produce cold hard results. It is meant to be mekayim a mitzvah. It is meant to allow people to fulfill their tafkid in life and achieve a personal relationship with Hashem.
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