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City College of San Francisco, which has 90,000 students, has been told by its accreditor that it has eight months to demonstrate why it should stay open, and that it must "make preparations for closure," The San Francisco Chronicle reported. A loss of accreditation would make the college's students ineligible for federal aid, and would likely make it impossible for the college to function. College officials said that they are working hard to respond to the concerns. But a 66-page accreditation report obtained by the newspaper cites numerous, severe problems, including "leadership weaknesses at all levels," "failure to react to ongoing reduced funding," and spending all but 8 percent of the college's budget on salaries and benefits.