Operating a college is expensive, and the cost of attendance is rising higher every year, easily surpassing inflation. What if part of the cause of this rising cost is poor “investment” by admissions officers. Are they admitting people that they a priori know will not give back to the college after graduation? Using data provided by the advancement and admissions departments of Colorado College, this paper aims to identify whether students can be grouped into asset classes based on inherent characteristics, and whether those assets behave like stocks in the stock market (i.e. is there a risk-return relationship present). To do this, students from the past 40 years have been grouped according to their shared characteristics (race, sex, etc.). Each group has a mean expected per year donation, and a variance measurement from that mean. These risk and return values are plotted and a regression line is fitted to the groups.
Includes bibliographical references.