Cooper Union may charge tuition - FOX 35 News Orlando

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>>

  • Massive emergency drill in New York City

    Massive emergency drill in New York City

    Friday, August 1 2014 7:36 AM EDT2014-08-01 11:36:56 GMT
    The New York City Department of Health will be conducting a massive emergency preparedness drill at 30 facilities across the city on Friday.  They are testing the delivery of emergency medications in the event of a biological attack, such as anthrax, on the city.
    The New York City Department of Health will be conducting a massive emergency preparedness drill at 30 facilities across the city on Friday.  They are testing the delivery of emergency medications in the event of a biological attack, such as anthrax, on the city.
  • Contract talks in Met Opera labor dispute extended

    Contract talks in Met Opera labor dispute extended

    Friday, August 1 2014 5:55 AM EDT2014-08-01 09:55:06 GMT
    A federal mediator is on her way to New York to try to resolve a labor faceoff at New York's Metropolitan Opera.
    New York's Metropolitan Opera says labor talks with its unions have been extended for an additional 72 hours, averting a threatened midnight lockout.
  • New York's smallest piece of private land

    New York's smallest piece of private land

    Friday, August 1 2014 5:45 AM EDT2014-08-01 09:45:15 GMT
    The Hess triangle is a tiny piece of private property in Greenwich Village. Manhattan historian Joyce Gold explained the origins of the property: After World War I, New York City seized a beautiful residence and tore it down so it could extend Seventh Avenue and the west side subway below it. The city left the building's owner only a tiny scrap of property so small it requested he donate the triangle to make way for a sidewalk. The man refused, took the city to court and won.
    The Hess triangle is a tiny piece of private property in Greenwich Village. Manhattan historian Joyce Gold explained the origins of the property: After World War I, New York City seized a beautiful residence and tore it down so it could extend Seventh Avenue and the west side subway below it. The city left the building's owner only a tiny scrap of property so small it requested he donate the triangle to make way for a sidewalk. The man refused, took the city to court and won.
Powered by WorldNow

35 Skyline Drive
Lake Mary, FL 32746

Phone: (407) 644-3535
News Tips: (866) 55-FOX35

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices