After Charlotte School of Law officials announced Friday that it would open for its spring semester on Jan. 19, officials at the troubled school backtracked on Monday and delayed the start until Jan. 27 as it works to secure tuition financing after losing its federal loan eligibility.

The move to postpone Charlotte Law’s spring semester was the latest blow to the school’s more than 700 students, who have been in limbo since the U.S. Department of Education announced Dec. 19 that it would withhold federal loans from Charlotte Law students over what it deemed accreditation shortfalls and misleading information about bar passage rates.