3. When I change or release a name, can I transfer the old name to another institution?
No. You do not "own" the name and, therefore, may not give, sell, or in any other way transfer it to another institution. When you release a name, it becomes available for all institutions to select on a first-come-first-served basis.
http://net.educause.edu/edudomain/show_faq.asp?code=EDUCURRENT#faq19111. How long can I retain registration of a .edu name under the âgrandfatherâ provisions of the Cooperative Agreement?
Instututions and organizations with .edu domains prior to October 2001 will be allowed to retain those domains so long as they maintain proper administrative control. See the Customer Service Agreement for further informations.