There was a christian college I attended eons ago in Arkansas that expelled a couple of gays because they refused counseling (they were caught in the act, so to speak). I always wondered if the Feds would threaten to pull all Pell Grants, Stafford Loans, Perkins and Work\Study if they didnt become a "gay friendly" institution. I think they have finally gotten around to such threats.
I think you can pretty well count on it. This is why Hillsdale College accepts no federal or state government money whatsoever--no money, no strings attached, no gubmint control--and so the college is free to teach the truth and do the right thing.