What Makes a School "Elite"?

If UF means University of Florida, it is not elite in my opinion. It is merely outstanding.

Elite schools are those which routinely reject brilliant students (SAT above 2300, for example). Thus, I also disagree with the idea that Boston College or NYU are elite. Both are outstanding but not elite.

Personally, I would not name more than 20 major universities as being elite, plus about the same number of liberal arts colleges. So, maybe 40 elite schools in America, total. And I would never have been admitted to any of them. :-S