"The MBA student who first identified the GSB file exposure has subsequently used the anonymized financial aid information to conduct an in-depth analysis of financial aid distribution within the GSB. The student’s analysis showed varying amounts of financial aid distribution, with more funds going to women students in some situations," according to Stanford News.

"'There is no excuse for this compromise of privacy and security, and I intend to do everything possible to ensure that it does not happen in the future,' GSB Dean Jonathan Levin wrote to the school community on Nov. 17.

Addressing the GSB’s historical financial aid process, which has resulted in varying awards to students who demonstrate similar financial need, Levin wrote that the student’s analysis raised issues to be addressed. In particular, he said, 'a preferable approach, going forward, is to be significantly more transparent about the principles and objectives being applied in making financial aid awards, and about how different awards are made.'

The Information Security and University Privacy offices are using data forensics software to comb through all university file-sharing platforms to identify any additional personal or confidential information that may be exposed."

NASFAA's "Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 12/3/2017