Tulane University sent false information for at least two years to U.S. News & World Report for the magazine's college ranking consideration, the university disclosed last month.
Tulane informed U.S. News in December that officials had discovered its A.B. Freeman School of Business misreported "average GMAT scores for full-time MBA students entering in fall 2011 and the total number of applicants." Tulane said the school had misreported a batch of data from the fall of 2010 and possibly in earlier years as well.
Tulane's MBA program was ranked 43rd in U.S. News' 2013 college rankings.
"We deeply regret that this occurred," Ira Solomon, dean of the A.B. Freeman School of Business, said in a statement. "The checks and balances we have implemented will provide assurance that this will not happen again."