And how many of the privileged students knew about their parents' alleged acts?
Fifty people, including Hollywood stars, top CEOs, college coaches and standardized test administrators, allegedly took part in the scheme to cheat on tests and admit students to leading institutions as athletes regardless of their abilities. The federal indictment and the criminal complaint name at least eight universities ensnared in the scheme.
While the names of the students involved have not been released, universities are scrambling to contain the fallout from a scandal that spans several states and raises questions about whether qualified students were denied entry to accommodate children of the rich and famous.
Here's what some of the universities involved are saying:
University of Southern California
The university is at the epicenter of the scandal, with some of the biggest names linked to it, including actress Lori Loughlin and her husband, fashion designer Mossimo Giannulli.
All applicants connected to the cheating scam will be denied admission, university spokesman Gary Polakovic said.
A review will be conducted for enrolled students and USC will make informed, appropriate decisions after it's completed, he said, adding that some of the students involved may have been minors at the time of their application process.
UCLA has put its men's soccer head coach Jorge Salcedo on leave as he faces a charge of conspiracy to commit racketeering.
While the university has said it's not aware of any student-athletes who are under suspicion, it said it's reviewing the allegations as it relates to admissions decisions.
"We take the integrity of our admission process and the authenticity of the application data we consider very seriously. All students applying to a UC campus must sign a statement certifying the validity and accuracy of all information related to their application," the university said.
If a prospective, admitted or enrolled student misrepresented any aspect of an application, the university said it will take disciplinary actions, including cancellation of admission.
Stanford University
Stanford University has fired head sailing coach John Vandemoer, who pleaded guilty to racketeering conspiracy. He allegedly accepted financial contributions to the sailing program in exchange for agreeing to recommend two prospective students for admission to Stanford.
"Neither student came to Stanford; one student was initially denied admission and intended to reapply but never did, and the second never completed an application," the university said in a statement.
Stanford said it has no evidence that the allegations involved anyone else, but will conduct an internal review to confirm that.
Georgetown University
Georgetown University's former tennis coach Gordon Ernst is charged in the scheme. The university said he has not coached the tennis team since December 2017 after an internal investigation concluded he had violated university admission rules.
"The investigation found that Mr. Ernst had violated University rules concerning admissions, and he separated from the University in 2018. The University was not aware of any alleged criminal activity or acceptance of bribes by Mr. Ernst until it was later contacted by the U.S. Attorney's Office," the university said in a statement.
It said it's cooperating with investigators, and described Ernst's alleged actions as "shocking, highly antithetical to our values, and violate numerous university policies and ethical standards."
University spokesman Matt Hill said there's no indication any other Georgetown employees were involved.
He declined to comment on students involved, citing the Family Educational Rights and Privacy Act.
"We are reviewing the details of the indictment and will be taking appropriate action," he said of the university in Washington DC.
Yale University
The former head coach of Yale University's women's soccer team conspired with William "Rick" Singer to accept bribes in exchange for designating Yale applicants as recruits for the team, according to a court filing. Rudolph "Rudy" Meredith was the head coach for more than 20 years. In 2015, he agreed to work with Singer, according to the filing.
A spokesman for Yale said the university is a "victim of a crime perpetrated by its former women's soccer coach."
Yale President Peter Salovey said the New Haven, Connecticut, university plans to implement several changes.
"As the investigation unfolds, the university may take further actions," he said. "I will work closely with our athletics director and dean of undergraduate admissions to make any necessary changes to protect the university from the kind of criminal behavior the Department of Justice described."
Wake Forest
The university in Winston-Salem, North Carolina, put volleyball head coach Bill Ferguson on leave after he was charged with conspiracy to commit racketeering, it said.
"The indictment alleges Ferguson accepted financial payments to influence the admission of a student that had previously been placed on the waitlist," Wake Forest University President Nathan Hatch wrote in an email to students, faculty and staff Wednesday.
Hatch said the university is reviewing admissions and athletics practices, but so far it appears Ferguson acted independently and was the only person involved with the alleged misconduct.
"No other university employees, including admissions officers or other athletics staff, have been implicated in the investigation," Hatch wrote.
University of Texas at Austin
The University of Texas at Austin dismissed its men's tennis coach Michael Center a day after placing him on leave. Center is charged with conspiracy to commit mail fraud and honest services mail fraud.
President Gregory L. Fenves said he has asked the vice president for legal affairs to conduct a review of Center's alleged 2015 fraud and determine whether the university has the necessary rules and procedures in place to prevent future violations.
University of San Diego
The university said it's cooperating in the investigation, and it has no reason to believe its admission team or coaching staff are involved.
"To ensure that we have taken all the appropriate steps to respond, we are conducting an internal review. Should that review uncover any violations of USD policies, we will take appropriate action," President James T. Harris III wrote in a letter to alumni.
"As you know, our admissions and recruiting policies are grounded in a commitment to integrity and ethical conduct -- principles that are embedded in our mission. The government's investigation reflects conduct that is neither condoned nor tolerated at USD."
Parents allegedly spent millions
Some parents spent between $200,000 and $6.5 million to guarantee admissions for their children, FBI Special Agent Joseph Bonavolonta said. Much of the indictment revolves around Singer, the founder of a for-profit college counseling and preparation business known as The Key.
"There were essentially two kinds of fraud that Singer was selling," US Attorney Andrew Lelling of Massachusetts said Tuesday of the accusations that allegedly ran from 2011 to 2019.
"One was to cheat on the SAT or ACT, and the other was to use his connections with Division I coaches and use bribes to get these parents' kids into school with fake athletic credentials."
For example, Singer and his co-conspirators used photo-editing technology to superimpose the face of a patron's student onto stock photos of athletes, prosecutors said.
Singer was paid roughly $25 million by parents to help their children get in to schools, the US attorney said. He pleaded guilty Tuesday to racketeering conspiracy, money laundering conspiracy, conspiracy to defraud the United States and obstruction of justice, prosecutors said.
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