CONFIDENTIAL – DO NOT CIRCULATE Stern Undergraduate Scholarship Committee Report Bruce Buchanan C. W. Nichols Professor of Business Ethics and Professor of Marketing Director of Business & Society Program
CONFIDENTIAL – DO NOT CIRCULATE Stern Undergraduate Scholarship Committee Empanelled January 2013 Overseers Faculty Ed Barr (BS ’ 57) Bruce Buchanan, Chair Steve Bensinger (BS ’ 76) Harry Chernoff Jerry Cohen (BS ’ 53) Marti Subrahmanyam Paul Tanico (BS ’ 77) Paul Wachtel Ex Officio Geeta Menon , Dean of the Undergraduate College Rohit Deo , Vice Dean of Undergraduate Academic Affairs & Strategic Planning Diann Witt , Assistant Dean of Planning & Academic Services
CONFIDENTIAL – DO NOT CIRCULATE Stern Faces a Serious Challenge For many years, tuition prices have risen more than family incomes. The “School of Opportunity” is becoming unaffordable to those who most need the opportunity.
CONFIDENTIAL – DO NOT CIRCULATE A Ranking No University Wants to Win NYU is ranked #1 Worst Financial Aid in the Country by Princeton Review Source: Princeton Review 2012
CONFIDENTIAL – DO NOT CIRCULATE Our Competition Supports Students Better 1. Penn (Wharton) 100% 2. MIT (Sloan) 100% Among the Top 10 3. NYU (Stern UC) 52% private colleges of 4. Carnegie Mellon 83% business, NYU Stern UC 5. Cornell 100% meets the least amount of demonstrated 6. Notre Dame 100% financial need (FAFSA) 7. Emory 94% among its students – BY 8. USC 100% FAR . 9. Washington U 100% 10. Georgetown 100%
CONFIDENTIAL – DO NOT CIRCULATE Even NYU Supports Students Better Tuition Discount Rate (TDR) Fall 2011 (FY12) - most recent year with final #s NYU Stern UC 19% NYU Overall Undergraduate (Excluding Stern) 24% TDR = total amount of institutional grant aid ÷ total gross tuition and fee revenue *Source: Office of Institutional Research from IPEDS data
CONFIDENTIAL – DO NOT CIRCULATE Stern Scholarship Principles • Parity With NYU • Progress to Meet Competition
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