What does 德法兼修 mean?

Question

Another banner welcoming new students to Nankai University in the Law Building (I walk past these daily, so I'm hoping to practice reading them as I walk past each day):

I transcribe this as:

励志勤学 德法兼修 祝新同学健康成长进步
_{Lìzhìqínxué défǎjiānxiū zhù xīntóngxué jiànkāng chéngzhǎng jìnbù}

I believe the last part 祝新同学健康成长进步 translates directly: "wish (祝) new students (新同学) health (健康), growth (成长) and progress (进步)". The first part seems adequately translated using dict.cn; we have: 励志 = "pursue a goal with determination" and 勤学 = "study diligently".

I don't understand the middle part 德法兼修 (défǎjiānxiū).

• 德法 is listed as "defa", and Google Translate translates it to "Germany and France".
• 兼修 is listed as "minor in", and Google Translate translates it to "minor".

I got nothing; neither of these is meaningful.

_{(If it helps, I noticed it was also mentioned in a news article entitled 人文与社会科学学院举办“德法兼修，点赞青春”普法教育实践课暨玄武区法院庭审进校园活动.)}

Answer 1

You need to understand every single character firstly,

德：道德（morality)
法：法制/法律（law）
兼：同时涉及/具有多方面（simultaneously/concurrently）
修：学习/培养（study）

So it could be literally translated as study and improve both morality and legal knowledge.

Answer 2

Split 德法兼修:

德 means 道德 virtue, morality;

法 = 法律 law;

兼 = 并，一起， and or together;

修 = 修行， study or major in the context;