if a school shuts down, you will probably not see your money back. Your file can be transfered to an other school, but your money will be lost in the bankrupt!Schools try to run until no money left. The money kept on a separated account, is in fact not real money, but a number in a computer.The money you have paid upfront is spent to maintain the school.The money the school makes is put on your separated account.
so, if the school does not make money, you will have to leave with no money even if you have a separated account.
that is the way a business works!