Given that we had a post today on the ever-Whittier fate of certain mooncalves past, it seemed only fair to update the goings-on with InfiLaw's last-school-standing, the unenviable Florida Coastal School of Law. Few other sources spared any ink on this, so the link is to the ABA Journal coverage. Apparently, they now deem it "newsworthy" whenever the ostensible ABA monitors of accreditation actually stir off their stucking fumps to monitor something that pertains to accreditation. Florida Coastal, it seems, is thought to have a few deficits in this respect. The half-fast article notes that a letter of credit had to be posted, but misses the point that it was was required to cover InfiLaw liabilities beyond those incurred in relation to Florida Coastal alone.
The article notes, but really sheds no light on, the point that the ABA committee again stomped on Florida Coastal's revised request to convert to "non-profit" status. There is an absence of transparency in the decision, so we can only wonder as to its basis. This again serves to highlight the shortcomings of an ill-considered delegation that has placed a federal government function, determining accreditation and eligibility for federal loan funds, in the hands of a private association that operates in the shadows.
http://www.abajournal.com/news/article/aba-again-says-no-to-florida-coastals-nonprofit-application-and-makes-noncompliance-finding
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