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Mary-Kate Olsen Taking a Break from NYU

By:
Oct 15, 2005 | 1:53pm EDT

Teen mogul Mary-Kate Olsen has announced plans to spend time away from the prestigious New York University, following months of speculation she would drop out.

Reports had long circulated that the 19-year-old actress wanted to leave the New York City institution, but her representative Michael Pagnotta insists her she's only taking a temporary break to oversee her company's expansion. 

He explains, "Mary-Kate Olsen has taken an approved leave of absence from New York University to focus on her increasing responsibilities as co-president of Dualstar Entertainment Group and to pursue personal interests." 

Olsen shares responsibilities at the company with her twin sister, Ashley who continues to study at NYU.

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