I could not find any kind of work around mentioned online, but decided I should check if there was a cheat available to fix the issue. With Testing Cheats turned on, I was able to click my sim and select University Debug Menu. Then I was able to select Enroll in University. I picked the degree I was planning on taking and everything worked as normal. My acceptance letters also came in the mail after the end of the first semester. So, do not move in between applying to university and checking your acceptance letter, but if you do, the cheat will fix it.