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."
Tuesday, June 18 2013 4:55 PM EDT2013-06-18 20:55:38 GMT
A man accused of fatally shooting a gay man walking with a companion in New York City's Greenwich Village pleaded not guilty.
A man accused of fatally shooting a gay man walking with a companion in New York City's Greenwich Village afterward claimed that he opened fire because the victim "thought he was tough in front of his bitch," prosecutors said in court papers Tuesday.
Tuesday, June 18 2013 3:46 PM EDT2013-06-18 19:46:32 GMT
Photo courtesy of @N42_21_W71_04)
Riders should anticipate cancellations and delays on the Long Island Rail Road for the Tuesday evening rush. The railroad has canceled 21 trains that normally leave Penn Station between 3:27 and 7:01 p.m.
Riders should anticipate cancellations and delays on the Long Island Rail Road for the Tuesday evening rush. The railroad has canceled 21 trains that normally leave Penn Station between 3:27 and 7:01 p.m.
Tuesday, June 18 2013 3:32 PM EDT2013-06-18 19:32:12 GMT
NYC
Nearly 3 million New Yorkers' homes are now in evacuation zones that cover more than a third of the city's population, under new maps released Tuesday.
Nearly 3 million New Yorkers' homes are now in evacuation zones that cover more than a third of the city's population, under new maps released Tuesday.In the wake of Superstorm Sandy, officials said last month, the number of zones would double and encompass about 600,000 more residents.
Tuesday, June 18 2013 3:05 PM EDT2013-06-18 19:05:09 GMT
Police are looking for a man who stabbed another man in Times Square Tuesday afternoon, authorities said.The victim was stabbed in the chest, the NYPD and FDNY said.
Police are looking for a man who stabbed another man in Times Square Tuesday afternoon, authorities said.The victim was stabbed in the chest, the NYPD and FDNY said.
Tuesday, June 18 2013 1:18 PM EDT2013-06-18 17:18:24 GMT
It's a sight that can trigger dread. The low-battery message appears on your cell phone when there's no charger around.
It's a sight that can trigger dread. The low-battery message appears on your cell phone when there's no charger around. Now New York City has teamed up with AT&T to install 25 solar powered charging stations over the summer.
Tuesday, June 18 2013 12:20 PM EDT2013-06-18 16:20:04 GMT
The director of the National Security Agency said Tuesday the government's sweeping surveillance programs have foiled some 50 terrorist plots worldwide, including one directed at the New York Stock Exchange.
The director of the National Security Agency said Tuesday the government's sweeping surveillance programs have foiled some 50 terrorist plots worldwide, including one directed at the New York Stock Exchange.
Tuesday, June 18 2013 10:04 AM EDT2013-06-18 14:04:15 GMT
Former New York City Mayor Ed Koch meticulously planned his own funeral, but his tombstone has the wrong birth date. The headstone lists his birth year as 1942 instead of 1924.
Former New York City Mayor Ed Koch meticulously planned his own funeral, but his tombstone has the wrong birth date. The headstone lists his birth year as 1942 instead of 1924.
Monday, June 17 2013 9:50 PM EDT2013-06-18 01:50:24 GMT
More than two dozen family members packed a court room to support the daughter who never gave up on finding her father's killer.
More than two dozen family members packed a court room to support the daughter who never gave up on finding her father's killer. For the first time, Joselyn Martinez came face to face with the man she believes took her dad away from her when she was just a little girl.
