The obvious question is why someone would want to attend a school whose very validity (existence?) is being questioned.  As an employer I'd be asking myself that very question when reviewing resumes.  Is it because this was the only school that would accept them or do they really buy into the terms of that covenant?  If the former that says something about the applicant.  If the latter I'd have to wonder how he/she will get interact with coworkers or clients who are gay, trans, or living common law.