Rodriguez hailed the accord in a late-night address as a "historic" deal that would help revive the economy and boost government revenue, saying it would help shape the country's future.
The outcome was welcomed by observers who said it could serve as a reminder to seekers of viral fame that stunts that cross the line legally can lead to serious ramifications.
The complaints allege the universities engaged in "racially discriminatory admissions practices that disadvantage highly qualified Asian-American applicants."