Well, here’s some depressing news to offset this beautiful Tuesday afternoon in New York.
Cooper Union announced today that it will begin charging graduate students tuition in September, 2013, to help close operating deficits in coming years, The New York Times reports. Though the exact tuition figures have not yet been released, it marks the first time since 1902 that any students at the school, which was founded in 1859, will be required to pay.
For the moment, undergraduates will not have to pay, and those entering in the fall of 2013 will not be charged tuition during their four years at the institution. The school is also planning to start master’s programs in new fields like a combined program in technology and design in order to raise additional funds. The school’s president has said it needs to shrink its operating deficits by $20 million by 2018.
Gifts from its founder Peter Cooper and others provided an endowment to secure free education for all students. The Times notes that the school technically charges $37,500 a year, but gives each of its students a full scholarship. There are currently about 1,000 undergraduates at the school and 100 students in master’s programs.