The troubles buffeting the nation’s law schools may be on the verge of claiming their first victim.
The federal Department of Education told students of the Charlotte School of Law in North Carolina this week that federal student loans — the financial lifeblood for law schools — would not be available. The for-profit school is the first accredited law school to lose access to federal student loans.
The Charlotte School said on Thursday that it still planned to open its doors on Monday for spring semester classes.
The federal agency took the step to deny loans because the school had failed to disclose to students that it had not followed the admissions and curriculum...