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."
Saturday, May 18 2013 9:07 PM EDT2013-05-19 01:07:42 GMT
Police says a gay man was shot and killed in Greenwich Village after a man with a gun shouted homophobic slurs at him early Saturday morning. According to authorities, the 32-year-old victim was shot
Police says a gay man was shot and killed in Greenwich Village after a man with a gun shouted homophobic slurs at him early Saturday morning. According to authorities, the 32-year-old victim was shot
Friday, May 17 2013 5:54 PM EDT2013-05-17 21:54:45 GMT
The big game will be played in New Jersey but the big party will be in New York City. Organizers call it "Super Bowl Boulevard."
The big game will be played in New Jersey but the big party will be in New York City. Organizers call it "Super Bowl Boulevard": it will stretch from 44th Street on Broadway all the way to 34th Street.
Friday, May 17 2013 8:21 AM EDT2013-05-17 12:21:42 GMT
A new photo exhibit at an art gallery in Chelsea is drawing the ire of residents who are the artist's subjects, unknowingly.
A new photo exhibit at an art gallery in Chelsea is drawing the ire of residents who are the artist's subjects, unknowingly. The artist, Arne Svenson, is reportedly taking the photos through their TriBeCa building windows. In some photos, the residents are bending over, sleeping and cleaning.
Thursday, May 16 2013 6:06 PM EDT2013-05-16 22:06:34 GMT
A smuggling ring that made a fortune selling more than a million cartons of untaxed cigarettes in New York may have funneled some of the illicit proceeds to terrorist groups, authorities said.
A smuggling ring that made a fortune selling more than a million cartons of untaxed cigarettes in New York may have funneled some of the illicit proceeds to terrorist groups, authorities said.
Thursday, May 16 2013 1:36 PM EDT2013-05-16 17:36:00 GMT
A water taxi struck a dock at Pier A and Battery Park Place in Manhattan on Thursday, according to FDNY officials. Two people suffered minor injuries. They refused medical attention.
A water taxi struck a dock at Pier A and Battery Park Place in Manhattan on Thursday, according to FDNY officials. Two people suffered minor injuries. They refused medical attention.
Thursday, May 16 2013 1:17 PM EDT2013-05-16 17:17:42 GMT
Several New York lawmakers are sounding the alarm about security and safety lapses at day care centers across New York City.
Several New York lawmakers are sounding the alarm about security and safety lapses at day care centers across New York City. In a report released Thursday, dozens of daycares cited by the Dept. of Health for serious and critical health code violations since 2010, have not fixed the problems and continue to operate without penalty.
Wednesday, May 15 2013 11:08 PM EDT2013-05-16 03:08:35 GMT
A judge in Manhattan put the brakes on the so-called Taxi of Tomorrow because the Nissan-built minivan does not come in a hybrid version -- a violation of the city code.
A judge in Manhattan put the brakes on the so-called Taxi of Tomorrow because the Nissan-built minivan does not come in a hybrid version -- a violation of the city code.
