Earlier quoted context omitted.
But that's all of life, too, isn't it? If you host a party in real life that serves alcohol to minors and get caught, you'll face more annoying consequences than a 1 year party moratorium. And, as I said, I'm pretty sure that if you deliberately dump a cup of coffee onto a coworker, you'll be fired instantly.
Two things: college is supposed to be an opportunity to learn from mistakes so making the normal consequence of any mistake the end of your career goes against that. Historically the decent young men of Stanford were able to get drunk, pull dumb stunts, embarrass themselves, then graduate and join "real life". The recent decision that sexual assault should be taken off the list of allowable "dumb stunts" is still wor…
Stanford students are adults (indeed, many of them aren't even young adults). It is not principally the mission of Stanford to insulate its students from consequences. We just had a story here earlier today where HN is up in arms (somewhat reasonably so) because of Stanford's refusal to visit consequences on students who protested an odious speaker. Here the consequences we're talking about are even sillier: it's the right to host official school-sanctioned parties with alcohol service. Who gives a shit?
Second, it indeed may be a subtextual benefit of Stanford that attendance cements your status among an elite (this touches on the "human capital" vs. "signaling" debate). But to whatever extent that's the case, it's a bad thing. Stanford attendance is an unimaginably rarified privilege. If Stanford's disciplinary process happens to mute some of the status benefit of making it in, so much the better.
I don't have much to say about the coffee-cup case, which is very sad, and which fortunately doesn't occupy much of the attention of this article the way the frat party case does. So: let's just focus our attention on the frat party. And in response to it, I'd just remind you of the scene in The Social Network, where the Winklevii attempt to escalate to the president of Harvard their concerns about Zuckerberg stealing the idea for ConnectU. Retaining lawyers to fight sanctions against underage drinking is that, but like 6 times dumber.