Considering that serious complications seem to be confined to older adults and the elderly (as opposed to seasonal influenza, which is also dangerous for very small kids), perhaps it's better to let it burn through the population as quickly as possible. It might be easier to keep the vulnerable population confined for a short period during the burn; once there's herd immunity (assuming infection provides immunity, of course) they should be safe.
Stanford students can just do distance learning. The infrastructure for primary and secondary schools just isn't in place to provide that, so they're forced to make more difficult decisions about the needs of their students and the curriculum on the one hand, and the risks to students' families and the wider population on the other hand.