Like the professional standards department said, she didn't break any rules. She modeled in college under a fake name. Big deal. It's not like she spent a few years as a prostitute. Maybe not the best move for an education major to make, but nonetheless, not really scandal material.
She mentioned in that article plans of going into real estate, but then again who wouldn't change professions after having a national fiasco made out of something that isn't a big deal? That sort of thing hampers a professional career, especially if any coworkers, bosses or parents of students have strong traditional values. She also definately didn't get those breasts solely from her parents good genes, which might lead to some negative reactions towards someone in her field. In other words, less respect and imminent frequent hassle.
1. people need to relax about sexuality in general
2. people should be respected for their intellect and professionalism even if they are hot and even if there are hot pictures of them that everyone has seen
3. kudos to the review board for coming to the conclusion that, "yeah, whatever, can we get back to focusing on teaching everyone?" (not a quote)