As a preliminary Trigger Warning, the media report to which I have linked below is from Glawker, but the silver lining is that it was authored by our own Sister Staci, who used to visit occasionally at our old Disqus site.
Obviously, the school is teetering a bit, with a report of a cryptic comment from the administration suggesting that it could rise or fall within seven days. This triggers a memory of the fate that befell Charlotte School of Law ("CSL"), which had been given a period of time to agree to certain Department of Education ("DOE") conditions, one of which involved posting of a substantial surety for the refund of students' tuition if the school shuttered. Despite public posturing that CSL intended to meet DOE's conditions, it eventually became obvious that Infilaw, the controlling entity, had never intended to allow any such a thing.
Is this simply deja vu? None of the media reports contain any information on the mystery of the loan funds, which Florida Coastal claims to have not received. Notably, there is also no announcement on the DOE's Federal Student Aid website concerning the alleged non-disbursement of the funds. There was such an announcement when loan funds were withheld from CSL, and this casts some question on Florida Coastal's claim that the agency has not released the funds. Concurrently (as Sister Staci points out) there has been a sudden, and probably not purely coincidental, change in Florida Coastal's administration.
In an attempt to get to the bottom of this story, this reporter has submitted a request via the DOE's FOIA site, this date, seeking any correspondence or documents that would explain the non-disbursement of funds or reflect any conditions DOE has set on release of funds to Florida Coastal School of Law. FOIA processes are notoriously slow, so chances are, the passage of seven days will bring us the rest of this story before I receive any response from the agency.
Here is what Sister Staci was able to tell us:
https://abovethelaw.com/2019/09/florida-coastal-dean-resign-missing-student-loans/
Out of nostalgia, and simply because this seems to be possibly heading down a familiar path, I reprise for my colleagues here the 2017 Peeps Diorama, "Harlot School of Law," which was so infamously banned at ABA Journal for its shocking "sexual references":
https://soundcloud.com/user-712998617/the-harlot-school-of-law
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