Thursday, May 23, 2013
From NYU’s announcement:
After much careful deliberation our two institutions have decided to conclude the NYU@NUS program with the graduation of the class of 2014. The incoming class that begins its studies in May 2013 will be the last intake for the program. This group is the last that is covered by the order of the New York State Court of Appeals that allows NYU@NUS graduates to sit the New York Bar examination. It also enjoys generous scholarships and financial awards that the program has secured for outstanding applicants from around the world.
The NYU@NUS program was initially established for 4 years -- the classes of 2008 to 2011. Towards the end of this period, NYU and NUS decided to extend the program for another 3 years to the class of 2014. We have now agreed to conclude the program without seeking additional financing to extend it. In the last few years, the cost of graduate legal education has risen significantly, and running the program in Singapore has been made possible by a generous grant by the government of Singapore to fund the numerous scholarships offered. Unfortunately, the program did not become self-financing in the way we had hoped it would; continuing it in its present form would entail a significant diversion of financial resources on the part of both NYU and NUS. With regret, therefore, our two institutions have now arrived at the mutual decision to allow the program to conclude and not to seek a further extension.
You can read more here.