After 18 months of intense analysis and serious opposition, Cooper Union will begin charging undergraduate tuition for the first time.
Faced with a $12 million annual budget deficit, the Board of Trustees voted last week to reduce the full-tuition scholarship to 50-percent for all undergraduates admitted to the institution beginning with the class entering in the fall of 2014. “The time has come to set our institution on a path that will enable it to survive and thrive well into the future,” said board chairman Mark Epstein in an announcement to students and faculty members in the college’s Great Hall. “Under the new policy, the Cooper Union will continue to adhere to the vision of Peter Cooper, who founded the institution specifically to provide a quality education to those who might not otherwise be able to afford it.” None of the 900 current undergraduates would be affected but those considering enrolling in the fall of 2014 and beyond could pay $19,275 a semester.
After the speech, opponents of the decision gathered outside the Great Hall and staged what they called a walkout, arguing that any tuition would alter the essential character of the prestigious school.
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