An anonymous reader writes: "The Cooper Union for the Advancement of Science and Art is a unique college in New York City that has provided a full-tuition scholarship to every enrolled student for over 150 years. Its founder, Peter Cooper, who wanted to provide talented youth with opportunities, secured an enormous endowment for Cooper Union that now includes the Chrysler Building. ÂAfter a series of fiscally imprudent steps, including building an expensive new building without first securing adequate financing, not following through on a promised 10% expense reduction, and excessive administrative compensation and expenses, the Board of Directors, in a split decision, decided to charge tuition beginning September 2014."
"The Committee to Save Cooper Union is pursuing legal action as a last resort after Cooper Unionâ(TM)s Board of Trustees and administration proceeded with their plans to abolish a 150 year tradition of free tuition, refusing alternatives that would preserve free tuition."