The Texas Higher Education Coordinating Board, for instance, publishes a list of “Institutions Whose Degrees are Illegal to Use in Texas.” In Kentucky, knowingly using a fraudulent credential to obtain employment is a Class A misdemeanor. It’s important to recognize the jurisdictional limits of such cases, though. Based in Pakistan, Axact was responsible for what was called the “biggest degree scam in history.” The scam allegedly generated revenues of up to US$ 150 million by selling bogus degrees to customers around the world.
You will lose some of these potential benefits if you withdraw money from a 529 plan account within a short period of time after it is contributed. In addition, state and federal laws that affect 529 plans could change. You should make sure you understand the tax implications of investing in a 529 plan and consider whether to consult a tax adviser. In all of these scenarios, the parents set goals based on their situations. So take into consideration your family’s financial situation, your other financial goals, and your aspirations for your child in order to set specific, attainable college planning goals.
Mr. Justice Eady has done the academic community a favor by saying that the Mirror newspaper had not shown that LaSalle was sufficiently bogus. This should wake up the British ministry in charge of postsecondary education, which will, I hope, establish a meaningful screening system for grossly substandard degrees issued by fly-by-night suppliers in other countries. The McKenna case therefore sets a strange precedent for who decides the international use of degrees.Until now, we could generally assume that each country got to decide what is and is not a meaningful college degree within its own boundaries. The fact that LaSalle was briefly allowed to operate as a religious exempt institution in Louisiana became irrelevant on the day that its owner was convicted of degree fraud, and of course its Ph.D.s were risible from the beginning. The BBC reported in 2018 that the Pakistani network described above had sold fake degrees to 3,000 UK-based buyers in two years alone. They called the scale of the fraud “staggering,” while also citing a UK verification service as saying that only 20% of UK employers verified the academic degrees of candidates.