What NYU 2031 Means to You - Part 3 - Faculty Opposition, Cont.

Colleges and Universities A-Z New York University
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<p>Before anyone starts accusing the faculty of NIMBYism, let me add that their objections go much further than their backyard. (Besides, many in the community refer to this as NIMV – Not In My Village.) Among their most serious concerns is that the expansion project will drill drive up tuition and dilute the quality of the students who apply and attend.
By now, you should all know that NYU is not only one of the most expensive schools to attend, it also provides relatively little financial aid. Today, NYU students graduate with a staggering amount of debt. The school currently ranks 6th in the nation for highest student debt load.</p>

<p>Indeed, in its latest compilation of college rankings, Newsweek says NYU is the 4th Least Affordable college in the country, citing a toxic mix of cost, debt and poor job prospects (College</a> Rankings 2012: Least Affordable Schools (Photos) - Newsweek and The Daily Beast).</p>

<p>NYU’s faculty believes that the financial burden on students will only worsen as a result of the 2031 Expansion Plan. NYU’s administration has done little to alleviate these concerns, refusing to release a financial or business plan for the expansion project, which estimates say will cost from $5- to $6 billion dollars. The school’s endowment is only $2.5 billion. With the school keeping mum on how it will finance expansion, it’s no wonder the faculty is concerned that tuition, debt (both student and the university’s) and student population will all increase.</p>

<p>That last point should be just as concerning as the first two. How will expansion alleviate overcrowding if it results in increased crowding?
In the absence of a business plan, it’s not surprising that both the faculty of the economics department and the Stern School of Business overwhelmingly voted for resolutions opposing NYU 2031.</p>

<p>It should also be noted that while the school says it intends to maintain the student population at its current level, the newly incoming class is 15% bigger than before. NYU says it simply underestimated its admission’s yield and has been caught by surprise. True or not, the overcrowding is now worse than ever.</p>

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<p>Man you guys are such trolls. It’s disgusting to see how far you go to try to give NYU such a bad name. </p>

<p>The most important concern for you all is the building in your backyard. You elites snobs don’t want your little paradise altered. It makes me sick. It’s funny to that most faculty couldn’t even live in this area if it wasn’t for NYU housing. </p>

<p>How will expansion alleviate overcrowding if it results in increased crowding? </p>

<p>There are no plans to increase the size of the school. Simple math will tell you that more space with the same size school will alleviate overcrowding. And the size you quote is B.S.</p>