The Department of Education’s (ED) Office of the General Counsel (OGC) is investigating the University of Pennsylvania (UPenn) over the receipt of foreign funds and has sent a request for records to the institution, the ED said in a May 8 statement.
The “records request” was sent after a review of reports submitted by the university allegedly showed that foreign funding disclosures were “inaccurate and incomplete,” the department said.
Under Section 117 of the Higher Education Act of 1965, universities and colleges in the United States receiving financial aid from the federal government are obligated to disclose any gifts, contracts, or restricted agreements from foreign sources that are valued at $250,000 or more in a year….