The school may be facing two straight years of financial losses for the first time since the 1930s.
The objections are made as enrollment plummets at many U.S. colleges.
Students were informed of the move on Wednesday.
There are signs that enrollment is plummeting, putting some schools at financial risk.
The school's trustees said Wilson's persistent “racism makes him an inappropriate namesake.”
Undergraduate enrollments dropped 2.5% for the current academic year, say researchers.
Even with the drop, college costs have surged in the last two decades, far outpacing inflation.
Many students who return to campuses will experience some form of testing.
The usual chaos tied to moving into college is nothing compared with the year Covid-19 transformed higher education.
Wealthy Americans are preparing for the possibility that their kids will not be able to attend New York schools.
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