North Carolina received notice on Friday from the NCAA regarding allegations of academic fraud committed within the athletic department.
"We take these allegations very seriously, and we will carefully evaluate them to respond within the NCAA's 90-day deadline," said Chancellor Carol L. Folt and Athletics Director Bubba Cunningham said in a statement.
"The University will publicly release the NCAA's notice as soon as possible. The notice is lengthy and must be prepared for public dissemination to ensure we protect privacy rights as required by federal and state law. When that review for redactions is complete, the University will post the notice on the Carolina Commitment website and notify the news media.