Harrison College closed its campuses at the end of business Friday, shocking both students and staff.
The University of Saint Francis will accept displaced students and offer an annual $10,000 tuition scholarship, according to the Journal Gazette.
Harrison College had more than 3,000 students across 11 campuses in Indiana, Ohio, North Carolina, and online, according to their website.
They had a campus in Fort Wayne on North Clinton Street.
Harrison College called the decision to shut down a “difficult business decision” in a statement on Friday.
The school had been in operation since 1902.