Economists Concoct New Method for Comparing Graduation Rates

Two economists at the College of William and Mary have devised a new method of comparing colleges' graduation rates -- a method borrowed from business analysis that they believe is fairer and more useful than the techniques used by U.S. News & World Report and the Education Trust.

The basic challenge of comparing graduation rates is, of course, that colleges have widely varying missions and student bodies. It is not very enlightening, for instance, to compare the raw