Accreditation Woes in West Virginia

What happens when a college loses its accreditation? Likely, the details vary from one institution to the next, but the main result is a lack of federal government funds and financial upheaval.
In a recent report in the Chronicle, Jack Stripling details some reasons why Mountain State University in West Virginia is in jeopardy of losing its accreditation status. Among the reasons given by the accrediting body was the institution's lack of "adequate learning support and faculty oversight to assure an effective teaching and learning environment." The commission cites inconsistency in academic rigor among courses within the same program and faculty teaching loads of 15 credit-hours per semester. Other concerns include insufficient faculty governance and oversight of teaching and learning activities. The university's extremely well-paid university president has been fired. 
Read more by linking to the article.
http://chronicle.com/article/Mountain-State-U-to-Lose/132805/