PHILADELPHIA—Some higher education experts say the accreditation warning issued to Penn State is serious and appropriate given the issues raised by a recent child sex-abuse scandal.

They also expect the university to comply quickly with demands to show its governance, finances and integrity meet standards set by its accreditation agency.

The Middle States Commission on Higher Education issued a warning to Penn State last week based on the school's handling of molestation allegations against a former assistant football coach.

Judith Eaton, president of the Commission on Higher Education Accreditation, said Tuesday that it's highly unlikely Penn State will end up on probation or lose its accreditation.

Students cannot use federal funds—including Pell grants and government loans—to attend unaccredited schools.