and DOE investigation also revealed that the school failed to keep required records and could not account for large amounts of federal financial aid funds. As a result, DOE revoked New College's eligibility to receive federal financial aid funds. A meeting in November 2007 found that the school was losing $80,000 each month, and was contemplating pay cuts for faculty, layoffs, and even bankruptcy protection. The same month, the school stopped paying its faculty. The school, which was set to begin its spring 2008 trimester on January 8, effectively shuttered, and classes were not held. Law School faculty continued teaching through the spring semester after being promised that pay would be forthcoming at the start of the semester. The DOE, citing the college's poor record keeping and financial issues, withheld financial aid from the school. The college owes its faculty and staff millions of dollars in back pay. In July 2008, the college acknowledged its debts in agreements it signed to settle wage claim disputes filed with the Department of Industrial Relations. A number of creditors of the college have prevailed in lawsuits. Accreditation was revoked in February 2008 by WASC for numerous violations, including lack of proper governing structure, failure to keep proper student records, and lack of oversight by the Board. Students of the New College of California School of Law transferred to John F. Kennedy University Law School in April 2008. The Women’s Spirituality MA program transferred to the Institute of Transpersonal Psychology in Palo Alto in May 2008. The North Bay Campus' Green MBA moved to Dominican University of California in March 2007. Notable people Alumni Susie Bright, feminist author Dossie Easton, author and psychotherapist Ford Greene, attorney Marya Hornbacher, author Michael Lerner, author and rabbi Eric Mar, San Francisco Supervisor (also served as an instructor) Gene Ransom, Athlete and coach Faculty Harry Britt, gay political activist and former Supervisor for San Francisco, California. Britt also directed the Weekend BA Degree Completion Program. Daniel Cassidy, author, filmmaker, and founder and codirector of the Irish Studies Program. Robert Duncan, founding member of the New College Poetics program. Peter Gabel, Ph.D., was a law professor at New College of California's Law School for 30 years, and served as President for 20 years. Richard Heinberg, scholar on such topics as Peak Oil and Transition strategies, served as core faculty in the North Bay Campus' BA program in Culture, Ecology,