tag:blogger.com,1999:blog-5694390946037511355.post1168410272686309819..comments2024-03-29T09:08:56.746-04:00Comments on EV Grieve: Report: Cooper Union moves to reinstate free tuition Unknownnoreply@blogger.comBlogger7125tag:blogger.com,1999:blog-5694390946037511355.post-59093762391226298262018-04-13T14:37:20.018-04:002018-04-13T14:37:20.018-04:00Just to get our history right - the college hardly...Just to get our history right - the college hardly earned anything from the Chrysler Building land until after the skyscraper was built and after the Great Depression ended, and even then, it provided only half of its operating costs. That's not forever. Peter Cooper himself funded the school while he was alive, then his son, son-in-law, and Andrew Carnegie provided funds, then after his son-in-law (Abram Hewitt) died the robber barons created a whole bunch of endowments that allowed the Hewitt Building to be built and kept the school funded through WWI and WWII. As late as the 1980's, the Chrysler Building continued to provide only half of the school's operating funds. That balance started to shift as Cooper took out loans to gut renovate the Foundation Building, build the Student Residence, and the New Academic Building, and dip into its cash endowment. For financial sustainability, the college needs to build back its cash endowment, to the tune of an additional $250 million, while wiping two large loans off of its books.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-61271860971105728972018-03-17T01:15:38.646-04:002018-03-17T01:15:38.646-04:00When people start spouting trash talk about Cooper...When people start spouting trash talk about Cooper, I always ask, "Did you go there?" That shuts them up for a minute.Scuba Divahttps://www.blogger.com/profile/10326884503725331349noreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-50717155649456802442018-03-16T16:19:27.964-04:002018-03-16T16:19:27.964-04:00In the academic world today, free mens mediocre as...In the academic world today, free mens mediocre as in Cooper Mediocre Union.cmarrtyyhttps://www.blogger.com/profile/06948995395819496180noreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-91436794513619949482018-03-16T10:43:42.138-04:002018-03-16T10:43:42.138-04:00The school OWNS and leases the land which the Chry...The school OWNS and leases the land which the Chrysler building stands. The income from that lease has sustained the free tuition since foreever. If I'm not mistake the board used that property as collateral to build the new "steel grate" building on 3rd at 7th street. Financial problems soon followed after a risky Wall Street type of maneuver backfired. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-68842315366365200832018-03-16T10:11:24.430-04:002018-03-16T10:11:24.430-04:00@anon 8:57 - you might want to look up the history...@anon 8:57 - you might want to look up the history of Cooper Union before you opine. <br /><br />It was established with the purpose of providing a free education to gifted students, and did a splendid job at that until a stupid and corrupt board of trustees started stuffing some of the money in their own pockets and badly mismanaged the rest. <br /><br />If the new board can fix the damage, and return the institution to its long-time mission, good for them. DrGeckohttps://www.blogger.com/profile/11480708164024012673noreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-36986273055079520102018-03-16T08:57:29.008-04:002018-03-16T08:57:29.008-04:00This is NYC. Nothing is for free. Come on people...This is NYC. Nothing is for free. Come on people. The gig is up. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-15225190986558603852018-03-16T07:53:42.629-04:002018-03-16T07:53:42.629-04:00Hey, why not raise the rent on the land the Death ...Hey, why not raise the rent on the land the Death Star no sits, or did the fools sell that? Anonymousnoreply@blogger.com