Church schools could go the Grove City College root and not accept any federal funds whatsoever. The Church could start its own student loan program.
In the 1970s, BYU and its students were threatened by the issue of "Co-Ed housing." Dallin H. Oaks was a defending lawyer for BYU and a Catholic University on this Supreme Court Case. Eventually the schools won their right to religious policies.
Look how far we have now come.
If matters continue on their present course regarding marriage, I can see where some Christian people, colleges and institutions may want to consider the possibility of civil disobedience. This, of course, is not something to be taken lightly, and it would most likely not be done under official LDS sanction or sponsorship. If this possibility does arise, though, people who are concerned about religious liberty (both LDS and others) may be called upon to link hands and support eachother - in prayer, financially, and in other ways.
The church will not cave to men's/society's demands. They'll do as they've always done and will be blessed for it.
In order to be sealed in the temple, the couple would have to qualify for a temple recommend. For a gay couple, that's impossible.
Should this happen what will the schools do? Capitulate or stand firm? Then when will the next step be that a gay couple demands to be married and sealed in the Temple for all eternity? Then what will the church do? These are serious questions with serious consequences.
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