14 terabytes of "highly confidential" data about 5,120 financial aid applications over seven years were exposed in a breach at Stanford's Graduate School of Business -- proving that the school "misled thousands of applicants and donors about the way it distributes fellowship aid and financial assistance to its MBA students," reports Poets&Quants. Half the school's students are awarded financial aid , and though Stanford always insisted it was awarded based only on need, the report concluded the school had been "lying to their faces" for more than a decade, also identifying evidece of "systemic biases against international students."Besides the embarrassing exposure of their financial aid policies, there's another obvious lesson, writes Slashdot reader twentysixV . "It's actually way too easy for users to improperly secure their files in a shared file system, especially if the users aren't particularly familiar with security settings." Especially since Friday the university also reported another university-wide file-sharing platform had exposed "a variety of information from several campus offices, including Clery Act reports of sexual violence and some confidential student disciplinary information from six to 10 years ago."