The Panel will decide if you are responsible for none, one, some, or all the allegations. Colleges choose from one of two standards. One is by “a preponderance of the evidence” meaning they think it is more likely than not that you are responsible. Another is by “clear and convincing evidence” meaning they think the evidence against you is highly and substantially more likely true than untrue.
If there is a finding of responsibility, the Panel will either impose a punishment or recommend one which the Title IX Office will consider when assessing your final punishment. Punishments can include any number of things including treatment, educational requirements, loss of privileges, no-contact orders of protection, suspension (with or without pay in the event you are an employee), and expulsion/termination.  Many colleges and universities have minimum and maximum penalties depending on the nature of the allegations.