General :: Corporate Exchange Account Will Not Sync Shared Calendar?

I have an Exchange account with my school that I sync my email and contacts to my android phone with no problems. However, the school made a shared calendar for our class schedules that I added to my Exchange account (by adding the URL), but this calendar will not sync to my phone. If I create my own events in my personal calendar, that works fine and shows up, but the calendar that I added from the school will not. It shows up just fine on Outlook on the PC.

My current solution is to just add that calendar to my google account and sync it, but the problem with that is that our class schedules can sometimes change suddenly and gmail doesn't sync very often, which has led to some problems for me in the past. I would much rather have the direct syncing of the calendar to my phone instead of through google.

What makes it more aggravating is that my friend has no problem syncing the calendar with iOS, so I know it should be possible. I've tried using Touchdown but that has the same problem.Here is an image from the Outlook Web app showing both calendars

My phone: MyTouch 4G running ICS. I had this problem even on other GB roms.