NEW YORK (AP) - A group of professors, alumni and students at Cooper Union has filed a lawsuit to prevent the prestigious art and architecture university from charging tuition for undergraduates.
The Daily News (https://nydn.us/1rexeMe ) says the lawsuit filed Tuesday in Manhattan accuses the school’s leaders of borrowing more money than the school could afford, spending on fancy new buildings and losing millions by investing in a trustee’s own hedge fund.
The lawsuit asks the court to block any tuition and to order a financial audit.
Cooper Union spokesman Justin Harmon said the decision to charge tuition was “tremendously difficult” but he said the school will still be “among the most affordable elite institutions in the world.”
Last year, the school’s trustees voted to charge an undergraduate tuition starting with the fall 2014 class.
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Information from: Daily News, https://www.nydailynews.com
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