Jess H. Lord, dean of admissions and financial aid at Haverford College, says that "up until Friday I've been telling anyone who would listen to me to get ready because I assumed ED numbers would drop." He said it was "absolutely my assumption that ED would be hit hard by the economy -- that applying ED would be seen as a luxury and folks would hold off." "ED" is admissions lingo for early decision, in which applicants apply early and pledge, if admitted, to enroll.