Updated at 5 p.m. Dec. 13: Revised to reflect latest statement from UTD.

He may no longer be welcome on campus, but a former Baylor University fraternity president accused of raping another student at his old school can still earn his degree from the University of Texas at Dallas, the school announced Thursday.

Jacob Walter Anderson (McLennan County Sheriff's Office)

"Two years ago we admitted a student without knowing their legal history," UTD President Richard C. Benson said in a statement Wednesday. "Based on recent court action and other information over the last several days, that student will not participate in UTD commencement activities, will not attend UT Dallas graduate school and will not be present on campus as a student or guest."

In a written statement Thursday, Benson clarified that "if the student successfully satisfies all the requirements of the degree program, the student will have earned a degree."

Anderson, who works for a Dallas real estate development company, is slated to graduate next week with a finance degree, the Tribune-Herald reported. Anderson is listed in the online directory as a senior, majoring in finance, in UTD's Naveen Jindal School of Management.

An online petition calling for Jacob Walter Anderson's removal had reached more than 20,000 signatures when the school released the statement Wednesday afternoon.

"I am grateful to the UT Dallas students, faculty and other community members who have shared their concerns, disappointment and outrage over this student's presence on our campus," Benson wrote.

Anderson, 23, was initially charged with four counts of sexual assault in connection with the alleged 2016 incident at a frat party. The woman who accused Anderson told police that she became disoriented after drinking a beverage and that Anderson led her behind a tent and raped her.

The Garland man was allowed to plead no contest Monday to a charge of unlawful restraint. State District Judge Ralph Strother approved a plea deal for Anderson from the outgoing district attorney that allows him to receive three years of deferred-adjudication probation.

He had faced up to 20 years in prison for each of the sexual-assault charges.

Anderson withdrew from Baylor about two weeks after the allegations surfaced.

Kelsey Casto, a student at UTD, created the MoveOn.org petition Tuesday morning. She told the Waco Tribune-Herald that if Anderson "wasn't good enough for Baylor, why should he be trusted to be good enough for [UTD] either?"

The petition said the university should help protect students "from predators like Anderson" at its Richardson campus.

"He submitted a plea of no contest and was sentenced to deferred probation, and will not be made to register as a sex offender," the petition stated. "That being the case, the school is has a responsibility to remove him from this new potential hunting ground."

Staff writers Sara Coello, Sharon Grigsby and Sarah Sarder and The Associated Press contributed to this report.