What's the antitrust angle? SAT and ACT are administered by different companies, right? Do Caltech or Harvard have some sort of stake in either of them?
But that would be hard to prove. If two gas stations collude to set prices, that violates anti-trust law. But if they just follow suit as they see the other raise or lower prices, that's generally legal, as long as there isn't a secret or understood agreement. I expect the latter is more what's going on here.
None of this has anything to do with antitrust.