NEW YORK (AP) — New York's attorney general has announced an agreement that would end a lawsuit against Cooper Union and create an independent monitor into the financial management of the engineering and architecture college.
Attorney General Eric Schneiderman (SHNEYE'-dur-muhn) said he hopes the deal could eventually lead to the school restoring its tradition of free tuition.
The school in Manhattan began charging tuition in 2014 for the first time in more than a century to avoid financial insolvency. That sparked a lawsuit by the Committee to Save Cooper Union, an alliance of students, alumni and faculty.
The agreement was reached with the school's board of trustees and the plaintiffs. They filed a consent decree Wednesday that still requires court approval.