Nanette Asimov reports:
Stanford Business School officials are admitting that for years they have given steep price breaks to preferred applicants while claiming the scholarships were only for needy students — and say they will close a glitch that allowed public access to thousands of confidential student financial aid records.
A student discovered in February that the files were accessible to all business school students and employees, and informed the school about the vulnerability. He also downloaded the information and spent months studying financial aid data from 2008 to 2015. The result was a 378-page statistical analysis that revealed the difference between the school’s claim of fairly awarded scholarships and what it had actually been doing.