Rescinding a person’s degree is a severe sanction and not one that a college would dish out lightly.
The school may, however, deem it a necessary evil to protect academic integrity. Therefore, the aim of revoking a degree is not just a way to sanction a person, but rather a way of protecting the college’s integrity.
A college can, therefore, investigate former students and charge them with honor code violations, including:
- Plagiarism
- Fabrication in a thesis
- Falsification of transcripts
So yes, your college degree can be rescinded for lying on your college application.
An alumnus charged with an honor code violation would, like a student, face a disciplinary hearing. If the committee believes that the falsification on the college application is grievous enough, the college may rescind the degree.