epic fail: Cooper Union

The historically free New York City-based Cooper Union University is a unique valuation case study. NYU journalism professor Jay Rosen captured the sentiment in under 140 characters :

Following mismanagement of its endowment, the school is set to begin charging tuition for the first time in its 154-year history. In this video students of the architecture school aim to raise $600K for gifting to future architecture students via a One Year Fund to buy the school time to identify an alternative to charging tuition, a financing change that students believe will irreparably alter the school’s culture, content and mission. For the record I support the free education model and the students of Cooper Union.

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