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This year’s education scandal saw parents shelling out megabucks to gain college admittance for their children. Federal prosecutors have charged more than 50 people with participating in a scheme to get their children into colleges by cheating on entrance exams or bribing athletic coaches. They paid William Singer, a college-prep professional, more than $25 million to bribe coaches and university administrators and to change test scores on college admittance exams such as the SAT and ACT. As disgusting as this grossly dishonest behavior is, it is only the tiny tip of fraud in higher education. According to the Bureau of…

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