As one of the last tuition-free engineering schools in the States, this is a sad day. Yeesh, talk about bad luck -- basically a $175 million margin call Bet that the "investment advisor" son of a whore who conned them into taking that loan still got paid a generous bonus. Hope a subway train and a banana peel take care of karmic justice:

http://www.nytimes.com/2013/04/24/nyregion/cooper-union-to-charge-undergraduates-tuition.html?smid=tw-share&_r=0