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The Civil Rights Act of 1964 already covers that.
But this isn't a matter of a college kicking the kid out because of race, color, religion, or national origin.
This is a matter of a business refusing to serve an unprotected class (potential rapist) because continuing to business with the kid could potentially damage the college's brand.
Doesn't a private business have a right, even a fiduciary responsibility, to protect its brand and its future profitability?
Sure, except when false allegations are involved with zero evidence of wrong doing. The guy paid his tuition, he's got a right to expect the service he paid for.