“The Art of the Gouge”: Shocking New Report by NYU Faculty Details How NYU Bilks Millions from Its Students to Finance Real Estate and Pay for Top Executives; Renew Call for Full Financial Transparency
Members of New York University’s faculty have issued a blistering 14,000 word report on how NYU has been gouging its own students (and their families) to raise billions for gratuitous real estate transactions and lavish compensation packages for NYU’s own top executives.
Concerned about their students’ ever worsening financial plight and wild spending by NYU’s Board of Trustees, the professors, many of them members of NYU Faculty Against the Sexton Plan (NYUFASP), spent this past academic year researching NYU’s financial practices. Interviewing scores of students, both undergraduate and graduate, and studying the fine print in NYU’s own documents, the professors “followed the money” to reveal:
Students Going Hungry Regularly, Becoming Homeless, Signing Up for “Dating Services” to Pay Tuition, Fees, Insurance
NYU students pay the highest tuition in the United States, currently $71,000 per year. They are also socked with thousands more in phantom fees, health care, insurance and other costs. Most of the students interviewed preferred anonymity, for obvious reasons, but were happy to have their tales finally told in public. “It was frightening to hear these stories, and to know that our students are suffering in ways and numbers that even we didn’t imagine,” said Jeff Goodwin, NYU Professor of Sociology.