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It's easy. If you, for instance, get suspended from school or get Ds or Fs in some classes or if you fail to graduate, the college can rescind your admission. BTW, some colleges even rescind your admission if they learn that you lied on your application. Places like Harvard will do this even if you managed to graduate from their college. They rescind your admission along with rescinding your degree.
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<p>How would they rescind your degree if you graduated from the college? They already handed the piece of paper when you graduated. Do they have the power to ask for it back?</p>