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NY state budget slashes aid to universities, colleges with $750M endowments — including Columbia, NYU and Cornell

Posted on AllSides April 23rd, 2024
From The Right

A provision in the recently approved New York state budget will eliminate aid to private colleges and universities with endowments of at least $750 million — including Columbia University and NYU. The $18 million cut in aid whacked 16 different schools throughout the Empire State, leaving some higher-education officials fuming. Hochul initiated the cut in her executive budget and the Assembly and Senate caved after some initial resistance, sources said. The budget reduced NYU’s funding by roughly $4.7 million and Columbia’s by $3.25 million, according to esitmates by the Commission...

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