Law School Defers Tuition for Students Who Can't Get Loans
Charlotte School of Law is a for-profit institution. But the school says it will defer fall tuition and fees for about 35 students who can’t get loans because of the turmoil in the nation’s economy. It will have a total of about 300 students when its third class starts this year.
Annual tuition at Charlotte Law, in North Carolina, is about $28,000. The American Bar Association recently granted provisional accreditation to the school, making its students eligible for federally backed student loans. However, the application it has filed with the U.S. Department of Education to help students get the federal loans may not be approved until October or later, reports the Charlotte Business Journal.
“The student loan issue is huge and is impacting every higher-ed institution,” says Gene Clark, the law school’s dean. “I think every institution would have to say it’s probably never been tougher.” So “to do the right things by the students and to maximize their opportunity educationally, we’ve just decided to wait on fees and tuition.”
