Cooper Union may charge tuition - New York News

Cooper Union may charge tuition

Posted: Updated:
NEW YORK (MYFOXNY) -

The prestigious Cooper Union school in the East Village may have to end its tradition of allowing all undergraduate students to attend tuition free due to a budget deficit of $12 million a year. 

Cooper Union has allowed students to pay nothing to attend for the last 110 years. The school has funded operations with revenue from other assets. 

According to a report from The New York Times, the school borrowed heavily to invest in stocks before the market bubble burst, and has struggled with rising costs. 

The free tuition has allowed some of the nation's top art, architecture and engineering students to enjoy the best deal in higher education at Cooper Union. 

Cooper Union President Jamshed Bharucha told the Times there will be "tough decisions" ahead because "the model that has been in place cannot be sustained."

 

The Associated Press contibuted to this story

  • Manhattan NewsManhattan NewsMore>>

  • Security stepped up for Electric Zoo Festival

    Security stepped up for Electric Zoo Festival

    Friday, August 29 2014 8:13 AM EDT2014-08-29 12:13:26 GMT
    Festival goers to one of the most popular events of the summer in New York City will see major changes this weekend.  The Electric Zoo festival featuring headliner David Guetta takes place Saturday and Sunday on Randall's Island. Organizers are expecting 45,000 people daily. Last year's party was cut short, after the deaths of  Olivia Rotundo, 20, of Providence, R.I. and Jeffrey Russ, 23, of Rochester, N.Y. 
    Festival goers to one of the most popular events of the summer in New York City will see major changes this weekend.  The Electric Zoo festival featuring headliner David Guetta takes place Saturday and Sunday on Randall's Island. Organizers are expecting 45,000 people daily. Last year's party was cut short, after the deaths of  Olivia Rotundo, 20, of Providence, R.I. and Jeffrey Russ, 23, of Rochester, N.Y. 
  • Joan Rivers remains in NYC hospital

    Joan Rivers remains in NYC hospital

    Friday, August 29 2014 7:54 AM EDT2014-08-29 11:54:57 GMT
    Hollywood legend Joan Rivers, 81, remains in critical but stable condition at The Mount Sinai Hospital in Manhattan. The comedian and TV host was undergoing an outpatient procedure at a clinic on the Upper East Side on Thursday when she went into cardiac arrest and was rushed to the hospital. Her daughter, Melissa Rivers, issued a statement saying her mother was "resting comfortably."

    Hollywood legend Joan Rivers, 81, remains in critical but stable condition at The Mount Sinai Hospital in Manhattan. The comedian and TV host was undergoing an outpatient procedure at a clinic on the Upper East Side on Thursday when she went into cardiac arrest and was rushed to the hospital. Her daughter, Melissa Rivers, issued a statement saying her mother was "resting comfortably."

  • Arrest made in attack of mother, children

    Arrest made in attack of mother, children

    Friday, August 29 2014 6:18 AM EDT2014-08-29 10:18:52 GMT
    The NYPD arrested a suspect in the attempted sexual assault of a mother in front of her three children.  Police say they busted Pedro Vargas, 48, of Yonkers on Thursday.  Chilling surveillance video released by cops showed a  man pretending to be a livery cab driver, pulling the woman out of a car, elbowing her five-year-old child in the face and tossing her three-year-old child onto a sidewalk in Queens.
    The NYPD arrested a suspect in the attempted sexual assault of a mother in front of her three children.  Police say they busted Pedro Vargas, 48, of Yonkers on Thursday.  Chilling surveillance video released by cops showed a  man pretending to be a livery cab driver, pulling the woman out of a car, elbowing her five-year-old child in the face and tossing her three-year-old child onto a sidewalk in Queens.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices