It is better to discard the waste as these days, HPLC solvents are cheaper in price and also we require high purity solvents. So please go through the following article:
LCA approach to the analysis of solvent waste issues in the pharmaceutical
industry (Green Chem., 2010, 12, 1826–1834. (DOI: 10.1039/c003666h))
What solvents? There ought to be a hazardous waste disposal company that will take it (for a price). The university probably has a contract with someone already, so discuss with your department head or safety officer. Some institutions will use flammable organic solvents for co-generation, which is why I asked what solvents?