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New York University (NYU) is a private research university in New York City, United States. Chartered in 1831 by the New York State Legislature , [ 13 ] NYU was founded in 1832 by Albert Gallatin [ 14 ] as a non-denominational all-male institution near City Hall based on a curriculum focused on a secular education .
NYU Grossman School of Medicine was founded in 1841 as the Medical College of New York University, [3] with an inaugural class of 239 students. [4] Among the college's six original faculty members were renowned surgeon Valentine Mott and John Revere, son of patriot Paul Revere. [5]
In 2017, a federal endowment tax was enacted in the Tax Cuts and Jobs Act of 2017 in the form of an excise tax of 1.4% on institutions that have at least 500 tuition-paying students and net assets of at least $500,000 per student. The $500,000 is not adjusted for inflation, so the threshold is effectively lowered over time.
What some people may find baffling is that the “sticker price” of NYU’s Stern School of Business for the current academic year is $94,914 (prices vary slightly among NYU’s different colleges).
In 1976, the school was renamed the Gallatin Division for Albert Gallatin (secretary of the treasury under Thomas Jefferson and the founder of New York University). In 1995 the school took the name, Gallatin School of Individualized Study. [5] Herbert London was the school's first dean through 1992.
The School of the Arts at New York University was founded on August 17, 1965, to provide conservatory training in theater and film in the context of a research university. [7] The school created additional departments such as dance, theatre design, and cinema studies within a few years. [ 8 ]
Founded in 1960 as the NYU School of Social Work, the school was renamed the Silver School of Social Work in honor of NYU Alumni Constance and Martin Silver who pledged $50 million to the School of Social Work in 2007. At the time, it was the largest known donation to a school of social work in the history of the United States.
The total cost of attendance (indicating the cost of tuition, fees, and living expenses) at NYU Law for the 2014–2015 academic year is $83,722. [35] The Law School Transparency estimated debt-financed cost of attendance for three years is $309,177.