Cooper Union Students Sit-in to Maintian Free Tuition, 2012-13
Since its founding in 1859, Cooper Union had operated as a tuition-free art, architecture, and engineering school. However, after years of financial troubles, the College announced on 24 April 2012 that it would begin charging graduate students tuition beginning in the fall of 2014. Large numbers of students, faculty, and alumni strongly opposed this announcement; many blamed the shortfall on poor management of the endowment, expensive building construction, and over-reliance on poorly performing hedge fund investments.