I read in the paper this morning that my alma mater, the Cooper Union, will start charging tuition starting with the class entering in 2014. The full-scholarship policy, under which I paid $300/year when I was a student, had lasted for more than a century, but not anymore.
The official tuition is $38,500/year, but students will still receive a half scholarship, and have to pay about $20,000/year. (Books and dorm space, of course, are extra.) It’s half of what NYU charges, but it’s still a lot, and if you have to borrow to finance your education, you could end up with a debt well in excess of what you might expect to earn in your first year after graduation… in a normal economy. You could buy a modest house for that, in many parts of the country.
I used to think that Cooper Union was special, and that I was lucky to be able to go there. But now, they’ve become just another college.
Not that different from NYU up the street.
OK, maybe cheaper, and with a different curriculum.
But just another college.