I am not in TX, so any long-distance solution is difficult, if not impossible.
If I were responsible for the the uni admin, I'd try to talk with the leaders of the protests to find a compromise. In any event, most of the protesters will want to graduate from the UT at some point, whereas the uni will not be able to dismiss this huge amount of (gifted) students. Unrest will not solve the problem either. The sooner the parties start talking reasonably with each other, the better.