For students:
- Students may not be able to transfer their credits to another college or university, which could jeopardize their ability to complete their degree.
-Students who are enrolled in federally funded financial aid programs (such as Pell Grants or Stafford Loans) may lose their eligibility for funding.
-Students may have difficulty finding a job after graduation, as employers may be less likely to hire candidates from an unaccredited institution.
For faculty and staff:
-Faculty and staff may lose their jobs if the college is forced to close.
-Faculty and staff may have difficulty finding other jobs in academia, as they may not be considered qualified to teach at other institutions.
For the community:
- The loss of a college can have a negative impact on the local economy and community, as it can lead to job losses and a decline in property values.