Typically when this happens another college or set of colleges will step up to take the students. This occurred in the case of Parsons College (whose campus is

Typically when this happens another college or set of colleges will step up to take the students. This occurred in the case of Parsons College (whose campus is interestingly now the Maharishi University of Management) and Antioch College. More aggressively another college might take over the failed institution, as in the case of Compton College's failure in 1995. El Camino College not only accepted Compton's students but took over the facilities and faculty as well.