My understanding is that the late sixties and early seventies were a time of massive enrollment declines and accompanying debt for the university, in addition to the selling of major assets. I would be surprised to hear they were considered elite at this time.lapolicia wrote:NYU Law has been an "elite" school since around the 1960s
According to this article, it was a late 70s and 80s revival that gave us the university we recognize as elite today:
http://articles.baltimoresun.com/2000-0 ... -academics
So as I said, "Nyu as a university is pretty nouveau riche and it's elite reputation as a law school and university is fairly recent in its history."
This is also interesting color/background:
https://books.google.com/books?id=YlOUB ... ry&f=false
lapolicia wrote:and has been in the T6 since the early 1990s (and the T14 always).
And how did it get there?
It's reasonable to wonder about the sustainability of this strategy, which this is clearly something John Sexton has continued. It's especially reasonable to be skeptical when there's not a ton of transparency in the Financing of the foreign campuses and the stuff we can see (construction in UAE), hasn't exactly been well managed.BMore Sun Article Linked Above, circa 2000 wrote:Unlike competitors that squirrel away money in endowments and live off the interest, NYU has taken the $2 billion it has raised in private donations since the late 1970s and gone on a Manhattan-style spending spree. It has spent about 85 percent of the money it has raised, and put only 15 percent in its endowment.
In its aggressive spending, NYU has enticed top-notch professors from Ivy League and other elite institutions with lucrative offers -- often including subsidized apartments in expensive Manhattan neighborhoods. It has tossed about scholarships to attract ultra-bright students. It has cobbled together a new urban campus in artsy Greenwich Village.
"We've simply done in 20 years what it took other universities 150 years to do," says L. Jay Oliva, NYU's president. "There's no way to get excellence, other than buying your way into it."
They've certainly spent a lot of money buying faculty and updating facility. They've certainly raised their median SAT scores. At what price, with how much debt? With what kind of endowment left? It's reasonable to wonder how much of NYU is sustainable.Its undergrad, while not on par with the other schools in the T14, has actually improved tremendously since then.
When are you going to suck my balls?Brut wrote:counting down until skool claims he was doing pupkin/zuck schtick