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Elite universities in the United States and the United Kingdom have been investing endowment funds offshore in order to pay little or no tax, according to details revealed in the so-called Paradise Papers. According to the student run Fossil Free Pitt Coalition “We are concerned about the lack of transparency, as two-thirds of the endowment is just a mystery to us. We are suspicious about where that huge segment of the endowment is going.” An emeritus professor in accounting at the University of Essex, told the newspaper that UK universities should be more transparent about their investment decisions, since they are public institutions that receive public money, including from the European Union.

Ways in which students cheat are either ingenious or surprisingly obvious. Why do students cheat, and risk having to retake a module, having their degree classification lowered, or even being kicked out of university? There are many reasons – including financial pressure, poor organisational skills and panic – sometimes among young people who should never have gone to university in the first place or, at the very least, who should have had more support structures in place when they started.

A 23-year-old man, residing a stone's throw from Lyon, was arrested on Tuesday morning, 3 October, for trying to fool the higher education scholarship system. During the 2016-2017 school year, the young man had received government money based on the establishment he claimed to be attending the conditions he had declared. The problem was that the student had falsified his university registration document, and Crous, which manages student grants, came to realize it.

University officials have been accused of misleading an Oireachtas committee over the way they run their financial affairs. Senior officials from colleges including University of Limerick, DIT and University College Cork appeared before the Dáil’s Public Accounts Committee on Thursday to answer allegations over unauthorised severance packages, conflicts of interest and poor corporate governance. In one episode, officials at the university of Limerik paid severance packages to two staff due to ‘employment relationships breaking down’, but then went on to re-employ both individuals as consultants.

The Parliamentary Portfolio Committee on Foreign Affairs last week interviewed three agencies that recruit and offer scholarships to local students to study abroad. The meeting came in the wake of revelations that a number of Zimbabwean locals have been falling prey to dubious agencies based in Harare who offer fake university scholarships to study in Cyprus with most students ending up stranded in the island country. Many of these students end up being forced into crime and prostitution in order to survive and pay for their tuition. The Zimbabwean Government is currently seeking the release and extradition of three Zimbabwean students who are held in prison in Cyprus for drug trafficking.

European Commission officials are expected to hold talks with government representatives in Bulgaria over the alleged mismanagement of funds in the operational programme Science and Education for Smart Growth in the European Union budget. Bulgaria has received funding for 116 agreements totalling BGN324 million (€165 million or US$174 million), and of these, eight projects have reportedly been found to be mismanaged, with a total budget of BGN180 million (€92 million or US$97 million).

Across the country, academies have been plagued by allegations of financial impropriety, conflicts of interest and even corruption. Unlike schools under local authority control, academies are responsible for their own financial management. Although this means that developing good corporate relations is essential, many have ended up without a proper framework for transparency and accountability. A 2014 report for parliament claimed that “conflicts of interest are common”, adding: “There is a broader sense that the academy system lacks transparency.”

A leaked report has revealed “extreme” government concern after an academy trust was found to have paid its chief executive more than £82,000 for 15 weeks’ work. The investigation, which took place over June and July this year, also found that Wakefield City Academy were unable to produce the list of students receiving pupil premium payments (additional funding to raise the attainment of disadvantaged pupils in schools).