As you are considering accessing federal financial assistance for your school, it is important to understand that accepting government money comes with several significant compliance issues including Title IX, Title VI, Section 504, and other laws. Many schools are not ready for this change in compliance requirements.
Say what you do; Do what you say. That's it, that's the hack for effective risk management. Get good counsel and write/follow your policies, protocols, and handbooks. Without this, you are driving blind and that doesn't end well.