Duplicity The Business Model At Failed Law School

According to an editorial in the Charlotte Observer, duplicity was central to the business model of the recently-closed Charlotte School of Law, which was part of a chain of three for-profit law schools owned by Sterling Partners, a Chicago-based private equity firm. The Education Department under President Obama ended the school’s access to federal student loan dollars after concluding that it made “substantial misrepresentations to current and prospective students.” U.S. Secretary of Education Betsy DeVos tried but failed to set conditions under which the school could receive federal student loan money again. Investigations and lawsuits are underway.