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A former Yale School of Medicine finance director and administrator pleaded guilty to wire fraud and false tax returns over a nine year period. She ran an illegal business that involved the bulk purchase and resale of computers and electronic devices for a total of $40 million in losses for the university. Since the incident, the university has worked to identify and correct gaps in its internal financial controls.

San Diego Ashford University, and its parent company, Zovio, have been fined US$22.37 million for fraudulent admissions tactics that left some students in serious debt and without degrees. According to San Diego Superior Court judge, the college has made bogus claims about career outcomes, costs and financial aid to lure vulnerable students to enrol in the online university programmes.

A 2019 report showed that $6.5 billion in foreign gifts to U.S. institutions were not reported. To hold colleges and universities accountable and ensure that their reporting is full, accurate, and transparent, the Department of Education enforces Section 117 of the Higher Education, which requires colleges to report all gifts and contracts involving foreign sources worth $250,000 or more.

The Bush administration proposed guidelines last month that would let research institutions decide whether to restrict researchers' financial interests in studies involving human subjects, and whether such interests should be reported to the research volunteers.

The U.S. Education Department last week proposed new rules that would loosen a ban on incentive compensation for college recruiters and get rid of a financial-aid regulation. The proposal to eliminate the 12-hour rule follows years of debate. Distance-education providers have pushed the department and Congress to throw out the regulation, but others have cited fears that relaxing the rule would lead to fraud.