The 10-month dual graduate law program offered by National University of Singapore (NUS) and New York University (NYU) will cease to exist, amid financial struggles.
Officials allege that the program failed to gather enough financial resources, and would require funding from the institutions if it were to continue.
The NYU@NUS pilot program began in 2007, with a batch of 39 students. The program will be granting admission for the last time this month to 21 students before its termination, starting next year.
In addition to the financial problems, it also suffered low enrolments. Only an average of 40 students applied for the program. During the launch, officials targeted around 80 people per year.
The closure of the program comes after NYU Tisch School of the Arts Asia decided in November to shut down its campus by next year due to financial burdens.
"In the last few years, the cost of graduate legal education has risen significantly, and running the programme in Singapore has been made possible by a generous grant by the Government of Singapore to fund the numerous scholarships offered," the university said in a statement.
"Unfortunately, the programme 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."
The program was initially introduced for a period of four years, but was subsequently extended for another three years. It allowed students to earn Master of Laws degrees from both universities.
The tuition fee for the program was about $50,000 for last year's class, which is double the fee when compared to a graduate law program offered at NUS.
