After a year of negotiations with warring parties at the Cooper Union for the Advancement of Science and Art, New York State’s attorney general, Eric T. Schneiderman, is expected on Wednesday to announce that his office has reached a settlement that would end litigation and create an independent monitor of the college’s management and finances.
The agreement, which could also lead to restoring Cooper Union’s tradition of free tuition, was seen by all parties as a compromise that they believed would end the turmoil that has hurt the college’s reputation and “help preserve Cooper Union as a national treasure.”
Cooper Union has been roiled by the greatest crisis in its 156-year history, as it struggled with severe financial problems, divisions among the trustees, the ouster of its president and a state investigation into its governing practices.
But the most divisive issue — prompting protests from students, faculty members and alumni — has been the administration’s decision to charge tuition in 2014 for the first time in more than 100 years, as Cooper Union teetered toward insolvency.
“It’s my job to promote and protect New York’s nonprofit sector,”