Gothamist
A non-profit newsroom, powered by WNYC.
Gothamist
Listen Live
News
Cornell Cuts Budgets, Plans Tuition Increase
By
Jen Chung
Published Jan 27, 2009
Modified Jan 27, 2009
Share
FacebookTwitterRedditEmail
Never miss a story
Email address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .
By
Jen Chung
Published Jan 27, 2009
Modified Jan 27, 2009
Share
FacebookTwitterRedditEmail
We rely on your support to make local news available to all
Make your contribution now and help Gothamist thrive in 2026. Donate today
Gothamist is funded by sponsors and member donations
Cornell University has lost $1.45 billion of its endowment in the second half of 2008—due to "reduced state funding, endowment losses and a drop in donations" according to Bloomberg News—so now the school is cutting $50 million from the Ithaca campus budget and $13 million from the medical school here in NYC. The News also reports, "Undergraduates at the university's 10 privately endowed colleges will pay 4% more next year - sending tuition to a whopping $37,750. Tuition at four other Cornell colleges that receive state funding will rise by 7.2%, bringing the total to $21,610 for instate residents." NYU also announced its endowment lost 19%, bringing it to about $2 billion. The NY Times notes that college endowments "fell about 23 percent on average in the five months ended Nov. 30."
Tagged
college tuition
Cornell
cornell university
economy
endowment
tuition
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
Read more
Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
MORE news
DSA to Mamdani: Fire NYPD commissioner if ICE doesn't leave NYC
The DSA's NYC chapter accused the NYPD of collaborating with ICE and demanded Mayor Mamdani hold Police Commissioner Jessica Tisch responsible.
By
Elizabeth Kim
,
Brigid Bergin
and
Ben Feuerherd
Published Oct 9, 2026 at 6:31 p.m. ET
Two people killed in Bronx vehicle crash
When officers arrived on the scene in Allerton Friday afternoon, they found three pedestrians who were unconscious with trauma to the head and body, according to the NYPD. Two individuals later died.
By
Kaya Laterman
News
Two people killed in Bronx vehicle crash
When officers arrived on the scene in Allerton Friday afternoon, they found three pedestrians who were unconscious with trauma to the head and body, according to the NYPD. Two individuals later died.
By
Kaya Laterman
NY will opt in Trump’s school choice program, Hochul says
By
Jon Campbell
Residents, lawmakers warned for months of potential for deadly ICE activity in Marble Hill
By
David Brand
Manhattan DA argues judge shouldn't dismiss state charges against Luigi Mangione
By
Samantha Max
Never miss a story
Catch up on the most important headlines with a roundup of essential NYC stories, delivered to your inbox daily.
Sign upEmail address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .