In April, Mark Epstein from the Cooper Union Board of Trustees announced the end of fully subsidized education across the college’s art, engineering, and architecture schools. It was a closing chapter in a ferocious battle in the college since it announced its insolvency in 2011. But it may be the beginning of something else.
The details are too complex to fully describe here. On the one hand, a shortfall in Cooper’s endowment became unsustainable following the market crash of 2007–2008.
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