The only immediate fear would be if Bard is the recipient of federal or other funds, which will make another arc of their administration walk away from this association when the inevitable hot-take on a Laphams article causes rage in the house.
I can believe a college prepared to name a division after Hannah Arendt is not shy of the public gaze. She had a more nuanced view of Zionism than the current polity in Israel will tolerate, and that is unfortunate in current political times in the USA: nuance is often lost.