Here's why a new rule could result in Trump losing his diploma from Wharton

In 2019, a college admissions scandal rocked the country. Thus far it has resulted in 53 people being charged with cheating the system, paying for people to take standardized tests and paying their way into schools. Over the 7-year investigation, the FBI uncovered everyone from celebrities to wealthy families for conspiracy to commit felony mail fraud and honest services mail fraud.

In response to the scandal, the University of Pennsylvania announced that it would revoke the degree of any graduate found to have given false information on an admission application, cheated on an exam or tampered with their records, The Daily Pennsylvanian reported.

"Penn's new policy details the investigation process after potential misconduct is discovered," the college paper reported. "An investigation can be launched if information is found that confirms or suggests wrongdoing in the process of obtaining the degree. Graduates will have the option to come to an agreement to possibly voluntarily give up the degree, or a formal investigation and hearing will be launched.

"After the launch of the investigation, the graduate in question will be notified in writing of the investigation and the information used to make the decision. The information from the investigation will be summarized and given to the dean of the school that conferred the degree, who will make the final decision on whether to move forward into a hearing," the report continued.

It's unclear if the Wharton School, under Penn, would be willing to revoke the president's diploma or how many diplomas have been revoked as a result of Penn's ruling.

Read the full report from the Daily Pennsylvanian.