“The guy was deprived of his ability to go to a different school because he was let into this one.”
Well boo fucking hoo.  Shit happens.  Try getting another job after you get fired for lying your way into a job, getting caught, and getting fired.  The kid has to go to a community college, or a less prestigious school?  My guitar gently weeps.
Hey, the kid did learn something for $6.5 million; this wasn’t a total loss.   I was an adjunct community college professor teaching computer classes and tried my damndest to be a good, fair, understanding teacher, even with zero training in education.  But I caught people cheating - obviously blatantly cheating, where other teachers looked at the evidence and started laughing and saying it was obvious.  There was weeping and wailing and whining and “it isn’t FAIR!”.
Excuse me, but these are college students; it isn’t high school any more.  They can grow up, accept responsibility for their own actions, and take heir lumps.  I suppose it’s conceivable the student didn’t know her parents coughed up $6.5 million to get her into college, but I find it unlikely.  I liken it to being caught as a crewman on a pirate ship.  You may be the nicest pirate who ever lived, never hurt anyone yada yada yada, but you’ll decorate a lamp-post nonetheless.
One last note:  I checked and Stanford is a private college; they can do whatever the hell they want within the letter of the law, same as your typical business is privately owned.  Even state universities and colleges have rules, and the Big Book Of Rules at those schools usually say their word is law on campus. Don’t like it?  Again, this isn’t a public high school; no one is forcing anyone to go, and if a person doesn’t want to follow The Big Book Of Rules, they don’t have to attend or step on campus.  That’s freedom, cobber!
Our entire civilization is based by necessity on the idea that people can set reasonable rules, and expect other people to abide by them, and take appropriate action against rule breakers.  I could open up a whole other can of worms in here by using the phrase “herd immunity”.  Civilization breaks down quickly if that can’t be maintained.  What this kid, or the family did, was bribery and possibly fraud.
Remember the movie “Soul Man”?  Soul Man (1986) - IMDb
For the ex-Stanford student:  I got your It’s Not Fair right here.