From the liner notes

A group of graduate students from Hollow's Pointe University write a thesis paper giving their theory of the unsolved campus murders of 20 years ago. A conspiracy is uncovered and the students' lives are in danger. When the students begin to dig deeper, what they find shocks everyone. The conspiracy goes far beyond what anyone had anticipated and one by one the students disappear as they try to stay one step ahead of those who must keep them silent.