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Florida Coastal School of Law says a “procedural matter” resulted in its termination from the federal student loan program, triggering the process for closing the school. By direction of the American Bar Association, Florida Coastal submitted a teach-out plan May 7 that would allow the school to maintain its accreditation while its students are allowed to transfer to other accredited law schools to complete their education. Florida Coastal President and Dean Peter Goplerud said May 11 that the U.S. Department of Education terminated the law school’s participation in the federal student loan program in April when Sterling Capital Partners, the private equity firm that established the school, determined it could not sign the application because of legalities involving its status as a limited partnership.

United statesPhoenix schoolPeter goplerudDepartment of educationFlorida coastal school of lawAmerican bar associationCharlotte school of lawPhoenix school of lawCouncil of the section legal educationArizona summit school of lawUs department of educationFlorida coastal schoolFlorida coastalCoastal presidentDean peter goplerudSterling capital partners