I love rolling admissions. Submit your application and hear back usually within 4 weeks. How nice to have an offer in your hip pocket early in the process. I promise, the clouds will part, the sun will come out, life will be good!
Early Action is another good option. It is non-binding and again, you'll know your status by the holidays. Another reason to apply EA relates to the rate of acceptance being higher at that time.
Early Decision is binding and in my opinion, only for those who have known their whole life this is where they are meant to be. Teenagers are still exploring, changing their minds, subjective to new ideas; so to commit early in the game may not be to everyone's advantage. Plus, if financial aid is an issue, you've just lost an opportunity to compare offers.
Regular admission gives you the most time to submit all of your materials. Deadlines tend to be around the February 1st timeframe. The pool will be largest at this time, so proceed accordingly.