You are misinformed.
Linguists differ over how such constructions are to be parsed.
Traditionalists say they are participial phrases, participles (with their arguments and modifiers) being capable of acting as adjectives. (Consider advanced students and risen stars).
Some Modernists say they are relative clauses, ‘reduced’ by Whiz deletion, the omission of the relative pronoun and the appropriate form of BE, which is more or less how you have paraphrased the first: Students who are / have been advanced
But however you choose to analyze these constructions they are entirely acceptable and indisputably grammatical.
You raise an interesting point, that the past participle in such constructions usually bears a passive sense and consequently is available only with transitive verbs. For the most part this is true; but there’s a handful of intransitives which will sustain the use. These are verbs of motion, like rise in your example, or arrive, or come, whose past participles bear a telic or perfective sense. In the oldest English these took BE rather than HAVE in their perfects, and that use lingered until well into the 19th century—we still sing ‘Joy to the world, the Lord is come’. That ‘feel’ is still strong enough to make the adjectival use acceptable:
At normal times [the community] consisted of the Minister, lately arrived from Shanghai, a Chinese scholar whose life's work had been in the Far East ; the secretary, lately arrived from Constantinople ; the consul, lately arrived from Fez ... —Evelyn Waugh, 1931.
And of course a ‘deverbal’—a past participle which has acquired an independent adjectival sense, like done or interested—will sustain this use like any other adjective.