Colleges and universities that adopt early decision (ED) as an admission practice are able to generate additional resources by attracting wealthier students who, upon admission, make binding commitments to attend and to forgo shopping for competing aid offers. An unanswered question is whether...

Many schools rely on early decision (ED) as an admission practice. Schools that adopt ED are able to generate additional resources by attracting wealthier students who, upon admission, make binding commitments to attend and to forego shopping for competing aid offers. An unanswered question is...

We analyze the socially responsible investing (SRI) practices of US colleges and universities. While SRI may appear inconsistent with the fiduciary duty of university trustees, certain practices may be appropriate if they align with the mission and enhance the “brand.” Alternatively, SRI may...