Friday, March 22, 2013

The source of NYU confidence

The NYU faculty's vote of no confidence in its president is yet another public embarrassment for Sexton. I wonder if it will have any effect. The underlying problem for NYU is its limited endowment which has pushed it to rely on tuition expansion. So even if Sexton goes, their strategy will likely remain. If the state were to fund CUNY adequately, hire more full time faculty and eliminate its tuition, you'd see a lot less student interest in NYU, which is just about the only way to curtail that monster. But as long as the state and the federal government fund student loans instead of funding free state universities directly, the state will continue to promote the expansion of expensive private schools like NYU.

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