A brief period of stability for Florida Coastal School of Law looks to be over, with the American Bar Association denying its bid to become a nonprofit institution and the abrupt departure of the dean who turned around the school’s flagging fortunes. Additionally, students have reportedly not yet received their loan disbursements for the fall semester, which began two weeks ago.
Above the Law first reported the problems with the student loan disbursements, and the U.S. Department of Education did not immediately respond for a request for clarification Wednesday on whether Florida Coastal remains eligible under the federal student loan program, though the school remains on the department’s list of accredited institutions. An email to students sent Wednesday by Rick Inatome, the chief executive officer of Florida Coastal owner InfiLaw Corp., confirmed that the Education Department had not yet released student loan funds to the school but offered no explanation as to why.
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