Harvard

Harvard is an American slasher by Shawn Troy released in 1987.

Plot summary
A man known as "Red Drizzle" runs a rampage at a new Harvard in western Wisconsin, and two survivors of the first movie return to help, get rid of this killer, yet an unsuccessful attempt killed a lot more people trapped inside the school property, and with blood on their hands, the five survivors get picked off, including with the two survivors from the first movie, and only one survives and "Red Drizzle" is murdered in the metal workshop rooms.