The US has launched investigations into Harvard and Yale universities over suspicions they received undisclosed funds from foreign countries, including Saudi Arabia and China.
The US Department of Education said the elite schools did not fully report hundreds of millions of dollars in foreign gifts and contracts.
Harvard and Yale told the BBC they were preparing responses for the government.
It comes amid a clamp down on foreign funding to academic institutions.
Under US law, universities are required to report all gifts and contracts from foreign sources that exceed US $250,000.
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