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New York University will grant full scholarships to all current and future students studying within the School of Medicine.
The trustees "may have lost sight of Peter Cooper's ideals."
"We still have to make sure that this negotiation doesn't fall prey to loopholes."
Attorney General Eric Schneiderman is set to announce a deal.
The administration at the historically free university says the school is so cash-strapped that they'll be voting on whether or not to nix the tradition next month.
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