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Pepperdine University School of Law

Thursday, January 5, 2017

Charlotte Law School Works On Transfer Plan With Florida Coastal As Rumors And Lawsuits Swirl After Feds Cut Off Student Loans

Charlotte Logo (2016)Following up on my previous posts (links below) on the ramifications of the Department Of Education's decision to cut off federal student loans for Charlotte Law School:  

Prior TaxProf Blog coverage:

http://taxprof.typepad.com/taxprof_blog/2017/01/charlotte-law-school-cancels-classes-and-works-on-transfer-plan-with-florida-coastal-as-rumors-and-l.html

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Comments

Do you think this school is going to close?

Posted by: anon | Jan 5, 2017 11:38:02 AM

I know they have to submit a "teach out" plan to the ABA, but is there any requirement that they actually follow the plan? If the schools is going to close anyway, why continue to incur expenses for another semester (3, if they're going to teach out 2nd years too)?

Posted by: wtfreqkenneth | Jan 5, 2017 2:30:47 PM

Good riddance to CSL. Fair question to ask: are not-for-profit law schools next? It seems hard to justify any different treatment between for profits versus not-for-profits. Taxpayers are on the hook for loans to students at both types of institutions, and students are saddling themselves with (effectively) nondischargeable debt at both types of institutions. Potential regulatory change during the next administration could force law schools to a reckoning that they seem unwilling, or perhaps due to faculty governance unable, to confront. The institutional higher ed industry likes the "free market" approach of hands-off feds, so long as the feds keep the federal student loan dollars coming. The status quo just results in privatized benefits and socialized losses.

Posted by: TS | Jan 5, 2017 9:09:20 PM