Signs and writing denouncing the closure of the University of the Arts are pictured at Dorrance Hamilton Hall on Friday, June 14, 2024, in Philadelphia. (AP Photo/Joe Lamberti)
Rising sophomore Cyrus Nasib, 18, stands outside Dorrance Hamilton Hall at the University of the Arts, Friday, June 14, 2024, in Philadelphia. Students at the university were thrown into panic mode two weeks ago, as they got the startling news that their school would be shutting down within days. Many students are not sure what they will do next. “You don’t really know where to start. It’s very numbing,” said Nasib, a theater major who had just signed a lease for an apartment near the college campus. “It kind of just saps your motivation to do anything.” (AP Photo/Joe Lamberti)
Rising sophomore Ian Callaghan-Kenna, 19, sits on the steps of Dorrance Hamilton Hall at the University of the Arts, Friday, June 14, 2024, in Philadelphia. Students at the university were thrown into panic mode two weeks ago, as they got the startling news that their school would be shutting down within days. Callaghan-Kenna, a film major, who commuted by bus to the university, has been coping with bouts of intense anxiety — not least because the college already has thousands of dollars of his federal aid for the fall term. He has joined a potential class-action lawsuit against the school. (AP Photo/Joe Lamberti)
Rising sophomore Cyrus Nasib, 18, sits outside Dorrance Hamilton Hall at the University of the Arts, Friday, June 14, 2024, in Philadelphia. Students at the university were thrown into panic mode two weeks ago, as they got the startling news that their school would be shutting down within days. The increase in closures of more colleges around the country in recent years has left tens of thousands of students in limbo — and at increased risk of never finishing their degrees at all. (AP Photo/Joe Lamberti)
Signs and writing denouncing the closure of the University of the Arts are pictured at Dorrance Hamilton Hall on Friday, June 14, 2024, in Philadelphia. (AP Photo/Joe Lamberti)
Rising sophomore Ian Callaghan-Kenna, 19, stands on the steps of Dorrance Hamilton Hall at the University of the Arts, Friday, June 14, 2024, in Philadelphia. Students at the university were thrown into panic mode two weeks ago, as they got the startling news that their school would be shutting down within days. The increase in closures of more colleges around the country in recent years has left tens of thousands of students in limbo — and at increased risk of never finishing their degrees at all. (AP Photo/Joe Lamberti)
Rising sophomore Cyrus Nasib, 18, stands outside Dorrance Hamilton Hall at the University of the Arts, Friday, June 14, 2024, in Philadelphia. The closure of the university has left some 1,300 other students scrambling to find somewhere to go or something to do. (AP Photo/Joe Lamberti)
Signs and writing denouncing the closure of the University of the Arts are pictured at Dorrance Hamilton Hall, Friday, June 14, 2024, in Philadelphia. (AP Photo/Joe Lamberti)
Signs and writing denouncing the closure of the University of the Arts are seen at Dorrance Hamilton Hall on Friday, June 14, 2024, in Philadelphia. The closure of the university has left some 1,300 students scrambling to find somewhere to go or something to do. (AP Photo/Joe Lamberti)
Rising sophomore Michael Pacio Ximio, 19, sits on the steps of Dorrance Hamilton Hall at the University of the Arts, Friday, June 14, 2024, in Philadelphia. Students at the university were thrown into panic mode two weeks ago, as they got the startling news that their school would be shutting down within days. (AP Photo/Joe Lamberti)
Rising sophomore Cyrus Nasib, 18, sits on the steps of Dorrance Hamilton Hall at the University of the Arts, Friday, June 14, 2024, in Philadelphia. Students at the university were thrown into panic mode two weeks ago, as they got the startling news that their school would be shutting down within days. The increase in closures of more colleges around the country in recent years has left tens of thousands of students in limbo — and at increased risk of never finishing their degrees at all. (AP Photo/Joe Lamberti)