Current and past students voiced opposition to the plan to begin charging tuition on social networking sites and print publications. The president of the school, Jamshed Bharucha, indicated depletion of the school's endowment required additional sources of funding. A possible tuition levy and more pointed solicitation of alumni donations and research grants were being considered to offset recent financial practices such as liquidating assets and spending heavily on 41 Cooper Square, a controversial new academic building. On April 24, 2012, the college announced approval from its Board of Trustees to attempt to establish a new tuition-based cross-disciplinary graduate program, expand its fee-based continuing education programs, and impose tuition on some students in its existing graduate programs, effective September 2013.