In 2014, Cooper Union started charging tuition for the first time since its founding in 1859. It was huge news and obviously didn’t go over well with Cooper alumni. Now, in a major reversal, the school has announced that it will gradually phase in full scholarships for all undergraduate students by 2028. Graduate student scholarships will be gradually introduced, but there is no firm plan (yet at least) for full tuition scholarships for all of the school’s graduate school students.
It appears their fundraising and endowment investment income are both back on track and the Board of Trustees believes several more years of partial scholarships will allow the school to suitably recover to the point where sustained full scholarships can again become the norm.