JACKSONVILLE, Fla. – Florida Coastal School of Law, which has come under fire for lackluster graduation rates and job placement for graduates, is reportedly up for sale.

Naples-based InfiLaw, which owns Florida Coastal, is courting nonprofit schools to assume control of the school or join forces as partners in running it, according to The Wall Street Journal.

If taken over by a nonprofit school, that would change Florida Coastal’s current status as a for-profit law school.

The news comes a month after the American Bar Association notified the school that it is significantly “out of compliance” for failing to maintain a rigorous legal program.

According to the ABA, the school has been admitting students who don’t appear capable of completing the program and passing the Florida Bar.

The Bar Association previously placed Florida Coastal’s sister school, the Charlotte School of Law, on probation, citing similar findings in November 2016. That school shuttered in August.

Earlier this month, school officials told News4Jax that they remained in compliance with professional standards, based on their own data and projections.

The school told News4Jax he might have to appear before Florida Bar's accreditation committee in March, but that committee lacks the power of putting a school on probation. But a change in ownership could affect the timing of any consideration of disciplinary action because each situation is examined on a case-by-case basis.