In today's world, you'd be expelled...
https://www.google.com/#q=expelled+for+reporting+security+bu...
Re:A Bug in the Bug Bounty
by freehunter on Wednesday December 04, 2013 @08:22AM
(#6846654)
Doubtful. He didn't say he had hacked the grades or accessed the information in any way, just left a suggestion at the school's request.
We did get them finally fess up that it was my suggestion which they had adopted and they gave me the prize (which was a $250 scholarship as I recall). But it has never ceased to amaze me that people don't think of security as holistically as they should.