And The Tradition Ends

After several months of debating whether it should start charging undergraduates for tuition, Cooper Union has gone against tradition and said they will, says the NY Times.

The institution of higher education in East Village announced their decision of charging undergraduates around $20,000 in the Fall of 2014 last Tuesday.

Cooper Union has made the change because it currently functions on a $12 million deficit, which includes expenses that have arisen, lack of revenue generated from fund-raisers, and paying $10 million a year on a $175 million they took out a few years back.

Cooper Union“The time has come to set our institution on a path that will enable it to survive and thrive well into the future,” said Mark Epstein,the board chairman, in the article.

The Cooper Union for the Advancement of Science and Art (or Cooper Union for short) was established in 1859, which makes it one of the country’s oldest schools. It was founded by industrialist, philanthropist, and inventor Peter Cooper who believed in providing a great education to those who couldn’t afford it.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: