New College of California Finally Loses Its Accreditation?

We just received word, via a former student who has asked to remain anonymous, that New College of California has allegedly lost its accreditation. It should be noted that we have yet to confirm the validity of this letter from either WASC and New College But the full letter that was sent to SFist can be found after the jump.

Does the school have a plan if they lose accreditation? Yes, and it's a bad one. A few months ago, they said this might happen; and they said they might appeal the decision. This looks like it could drag on for months and months even though, at least as far as we can tell, it's inevitable that the place will get shut down.