""We are also glad that Duke University has now made it clear that Reade is welcome to return to the University and look forward to the day that he can return to living a normal life and continuing his education as a full-time student," the statement said."
That doesn't mean he's going to return to Duke. "....look forward to the day....." sounds like a more distant point in the future than the start of the next semester, which is pretty quick. Maybe, now that he's in good standing, he can apply elsewhere and that's the day he's looking forward to.
"Maybe, now that he's in good standing, he can apply elsewhere and that's the day he's looking forward to."
They both are already going to other schools where they were accepted. This offer by Duke to return is not to put them in good standing so they can go elsewhere, they already are elsewhere.