Results tagged “tuition”

Dropping $52,000/year for courses like a Guitar Hero class—what recession? NYU tells the Post it has "enrolled its largest student body in decades this year...More than 21,600 undergraduates enrolled at NYU this school year -- up nearly 400 from last year -- while more than 18,200 graduate students enrolled -- a one-year spike of nearly 800 enrollees." The school's enrollment has also increased 33% since 1990.

One recent college grad in The Bronx is taking the well-trodden path of looking for a paycheck from her alma mater in the face of a job market that has quickly revealed how little a bachelor's degree actually qualifies you for. Except for 27-year-old Trina Thompson, she's not simply hitting up Monroe College for her first post-collegiate job—she's suing them to get her tuition back, saying that they have not done enough to help her find work. Thompson is suing Monroe for $70,000, claiming that the staff members at their career services department "have not tried hard enough to help me" since she graduated in April with an Information Technology degree. Thompson's mother told the Post that she supports the suit. She said, "She's angry...She put all her faith in them, and so did I. They're not making an effort...We're going to be homeless, and we'll still have a student loan to pay." A spokesman for the school laughed off the lawsuit, saying it "is completely without merit" and "does not deserve further consideration."

           

After over 24 hours of occupying the student center (which started Wednesday night), NYU students part of "Take Back NYU" continue to occupy the Kimmel Center, hoping the administration will meet their demands. The demands begin with "Full legal and disciplinary amnesty for all parties involved in the occupation" and "Full compensation for all employees whose jobs were disrupted during the course of the occupation." and also include "Public release of NYU’s annual operating budget, including a full list of university expenditure," "Disclosure of NYU’s endowment holdings," and "annual scholarships be provided for thirteen Palestinian student." There's also something for non-NYU folks: "The general public have access to Bobst Library."

Early-decision applications to Cooper Union, which does not charge tuition, have skyrocketed this year, the Times reports, surprising no one. The school is experiencing a 70 percent surge in applications so far this year, compared to annual increases of 5 percent to 10 percent over the last decade. Emphasizing the obvious, the dean of admissions tells the Times, "I’m pretty confident that the economy played a big role. You probably had a lot of parents who said: ‘Look, I know you’re looking at Cooper Union. You ought to make it your first choice.' " Overall, the school expects to receive 3,300 applications for 265 spots in the Class of 2013, making the already competitive process even more cutthroat.

Cornell University has lost $1.45 billion of its endowment in the second half of 2008—due to "reduced state funding, endowment losses and a drop in donations" according to Bloomberg News—so now the school is cutting $50 million from the Ithaca campus budget and $13 million from the medical school here in NYC. The News also reports, "Undergraduates at the university's 10 privately endowed colleges will pay 4% more next year - sending tuition to a whopping $37,750. Tuition at four other Cornell colleges that receive state funding will rise by 7.2%, bringing the total to $21,610 for instate residents." NYU also announced its endowment lost 19%, bringing it to about $2 billion. The NY Times notes that college endowments "fell about 23 percent on average in the five months ended Nov. 30."

The cost of tuition at Columbia and NYU has passed the $50,000 mark; a year at NYU now costs $50,182, including room and board, up 5.9% from last year. And Columbia now sets you back $51,866, the Sun reports. But according to NYU professor Amy Ellen Schwartz, it's actually a sweet deal when you look at the big picture: "What is true about understanding the college market, is that the economics are very complicated. In the more expensive universities the actual value of the education spending is even more than tuition. If you ask me, is it worth $50,000? You probably get $100,000 worth of education at somewhere like Yale." What a pity she's stuck slumming it at NYU.

There's a lesson that parents should learn before signing contracts for a private school: always read the fine print. The NY Times tells the story of a Soho couple (David and Michele Bender) whose daughter won a coveted, if pricey--$26,000/year--spot in the kindergarten program at the West Village's Little Red School House (pictured).

The total annual cost (including room and board) of NYU has gone up 65% in the past decade and next year it will reach an all-time high of $50,182 – a 5.9% increase from last year. The Washington Square News notes that the university is cash poor, drawing 60 percent of its resources from tuition. In an attempt to soften the blow, NYU plans to increase need-based aid to "more than $150 million" total.

For three years straight, NYU has dominated the annual Princeton Review "College Hopes and Worries" survey, coming in as the #1 “dream school” for college-bound students. But now NYU’s reign of dreams has turned into a humiliating nightmare, as the 2008 survey shows the university plummeting to the #4 slot, bested by Harvard, Stanford and Princeton.