With a decision pending in two lawsuits challenging race-conscious admissions practices at Harvard and the University of North Carolina at Chapel Hill (UNC), many observers are predicting that the US Supreme Court will significantly limit, if not completely prohibit, the use of race in college and university admissions. However if the United States is to ensure socioeconomic mobility and racial equity and its preeminent position in education and research, selective colleges and universities must create more opportunities for high-achieving students from racially minoritized and low-income backgrounds. A decision prohibiting race-conscious admissions would instead almost certainly limit such opportunities. But even if the Court deems existing race-conscious admissions policies unconstitutional, it is nevertheless likely that the decision will leave room for selective colleges and universities to pursue alternative strategies that do not explicitly factor in students' race, yet which may enable them to sustain student diversity. This information brief is organized in three sections: (1) admissions policies that focus on socioeconomic background; (2) recruiting strategies designed to increase student diversity by expanding and broadening the pool of admissible students; and (3) eliminating criteria in the admissions process that highly correlate with race and income. In each case, the authors identify the pros and cons and include a brief bibliography of the available evidence on each policy.