Charlotte School of Law is one of three struggling for-profit schools owned by the Infilaw Corporation, part of Sterling Partners, a private equity firm with offices in Baltimore and Chicago. Infilaw also owns Florida Coastal School of Law and Arizona Summit Law School. About 700 students were enrolled at the law school as of last fall, and from the fall of 2010 to the spring of 2016, the school received $337.1 million in federal student loans for tuition and student living expenses, according to Law School Transparency, a nonprofit that tracks data about the nation’s law schools. Enrollment plunged, however, after the American Bar Association’s accreditors placed the school on probation in November. A short time later, the federal Education Department cut off loans to current students because, it said, the school had made “substantial misrepresentations” to students about its compliance with accreditation standards.