August 21, 2013
The Expensive Romance of NYU

John Sexton, president of New York University, announced last Wednesday he would step down at the end of his term in 2016. Although the Board of Trustees “unanimously and strongly supports President John Sexton,” as written in a March memo from Chairman Martin Lipton, many students and members of faculty have been calling for his resignation for months. In March, 82 percent of faculty at the College of Arts and Science, NYU’s largest undergraduate school, passed a motion of no confidence against Sexton. In the following months, four out of five undergraduate schools would pass similar motions, in addition to a number of graduate programs.
Sexton’s critics have a range of grievances against him, but they all boil down to one thing: money. Sexton oversaw the Campaign for NYU, which ended in 2008 and raised $3 billion—the most lucrative fundraising campaign in the history of higher education. One would think such a flush of cash might encourage administrators to lower, if not at least stagnate tuition. Instead, though, the money is going to expensive expansion programs, both in New York’s Greenwich Village and overseas. And over the course of Sexton’s presidency (2002 to the present) tuition has increased by more than $18,000. For the upcoming school year, the cost of tuition plus room and board is more than $64,000.
Read more. [Image: Tomás Fano/flickr]

The Expensive Romance of NYU

John Sexton, president of New York University, announced last Wednesday he would step down at the end of his term in 2016. Although the Board of Trustees “unanimously and strongly supports President John Sexton,” as written in a March memo from Chairman Martin Lipton, many students and members of faculty have been calling for his resignation for months. In March, 82 percent of faculty at the College of Arts and Science, NYU’s largest undergraduate school, passed a motion of no confidence against Sexton. In the following months, four out of five undergraduate schools would pass similar motions, in addition to a number of graduate programs.

Sexton’s critics have a range of grievances against him, but they all boil down to one thing: money. Sexton oversaw the Campaign for NYU, which ended in 2008 and raised $3 billion—the most lucrative fundraising campaign in the history of higher education. One would think such a flush of cash might encourage administrators to lower, if not at least stagnate tuition. Instead, though, the money is going to expensive expansion programs, both in New York’s Greenwich Village and overseas. And over the course of Sexton’s presidency (2002 to the present) tuition has increased by more than $18,000. For the upcoming school year, the cost of tuition plus room and board is more than $64,000.

Read more. [Image: Tomás Fano/flickr]

  1. unironic-enthusiast reblogged this from weberforever
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  3. delanamalewiss reblogged this from theatlantic and added:
    lets goooooooooooo
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  10. mahomed reblogged this from theatlantic and added:
    MY SCHOOOOL!!! I MISS NYU SO MUCH
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  15. blackpolosandsweaters reblogged this from newyorketc and added:
    I’m not arguing against your personal experience at NYU in any way. My reasons for expressing such a sentiment were...
  16. jokes-on-c reblogged this from newyorketc and added:
    Yo Modupe is honestly one of the smartest people I know. So I guess another not shitty thing NYU did was offer her a...
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  18. newyorketc reblogged this from blackpolosandsweaters and added:
    Here’s what I hate about articles like these. From point one, you’re dealing with dishonest statistics. Yes, NYU has...
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  21. close-to-the-knives reblogged this from crocodileblackpelvis and added:
    no tears shed