Facing a strained economic future, Cooper Union officials announced today that it will charge undergraduates to attend classes starting in the fall of 2014.
Here are details via a statement that the school just released:
The following statement from the Board of Trustees of The Cooper Union for the Advancement of Science and Art was presented by Chairman of the Board Mark Epstein to the student body, faculty and staff of the institution at a meeting today in the Cooper Union Great Hall.
“After eighteen months of intense analysis and vigorous debate about the future of Cooper Union, the time has come for us to set our institution on a path that will enable it to survive and thrive well into the future. Consequently, the Board of Trustees voted last week to reduce the full-tuition scholarship to 50% for all undergraduates admitted to The Cooper Union beginning with the class entering in the fall of 2014.
“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 otherwise not be able to afford it. Consequently, we will provide additional scholarship funding for those with need, including full-tuition scholarships to all Pell Grant-eligible students. We intend to keep admissions need-blind. Current undergraduates, as well as those undergraduates entering in the fall of 2013 will continue to receive the full-tuition scholarship for the duration of their undergraduate education.
“Our priorities have been and will continue to be quality and access, so that we will remain a true meritocracy of outstanding students from all socio-economic backgrounds.
Read the full statement here.
Read more on this story at The New York Times here.