Havard and Yale Universities are under investigation by the US for failing to disclose funds received by foreign countries.
The investigation being conducted by the Department of Education revealed many top schools have failed to disclose such amounts.
Speaking to BBC, Havard and Yale Universities revealed they planning to respond to the allegations.
In the U.S, universities are expected to make public all gifts, donations, and contracts entered by foreign countries exceeding $250,000.
It is alleged that about $6.6 billion is unaccounted for or not published by most universities.
Education officials are terrified with the information they receive the more they investigate.
It is without a doubt they believe most of the gifts and contracts carry a hidden agenda.
So far countries involved and revealed include Qatar, China, Saudi Arabia, Russia and Iran.