That's true, I don't know that it's really necessary anymore given that everyone here just murders anyway lmao... With the VP being dead it might be a good time to reevaluate that. I've also seen it suggested that if you're not caught, you get +100 points, but once you're outed as a murderer you lose -100 points or smth like that.

This was from the FAQ so it's been around for awhile! You just lose one memory, see below from the faq:

Characters who are caught fighting, whether with npcs or player characters, will be sent to the faculty office to write a reflection essay, which must be completed before the student is allowed to attend club or earn merit points. Characters who are caught killing will be sent to the counselor's office, and will lose a memory as a consequence. Please contact the mod before any npc death.