Regency Beauty Institute closes all campuses nationwide - KMOV.com

Regency Beauty Institute closes all campuses nationwide

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Regency Beauty Institute closing all 79 campuses. (Credit:KMOV) Regency Beauty Institute closing all 79 campuses. (Credit:KMOV)

ST. LOUIS (KMOV.com) - After more than 50 years educating students, Regency Beauty Institute permanently closed all 79 campuses Wednesday. 

“We all left here thinking you know we are going to come to school today. At 11 last night, I got a text message and a call from corporate saying that they were sad, but they were no longer opening. It was very unprofessional how they went about the situation," said Asija Eanes, former student. 

The institute's website listed lack of funding, declining numbers of cosmetology students, and a negative characterization of for-profit education by regulators and politicians as some of the reasons for the closure.

"I will be more careful in the future who I chose to spend my time with because this is really like a slap in the face, a waste of time and a waste of effort," said Ranee McCombs, former student. 

The school suggests previous students should participate in "Teach-outs," which are arrangements that allow them to complete a cosmetology program at another accredited school at a typically lower rate than a standard transfer agreement. 

Students were allowed to get their personal items from the campuses on Thursday from 3 - 5 p.m. and will be allowed again on Friday from 11 a.m. - 1 p.m. The schools will not be open at any other time, according to their website. 

Below is the statement that was written on the institute’s website:

It is with great sadness that we announce that after more than 50 years of educating cosmetology students, Regency Beauty Institute is permanently closing on September 28, 2016.  This closure affects all 79 campuses.

This is incredibly difficult news for everyone affected: especially our students, teachers, and staff. We recognize that some of you may be finding this out for the first time by reading this. We are truly sorry for the abrupt nature of this information.

How did this happen? In short, the organization does not have the cash to continue to run the business. There are multiple intertwined reasons: declining numbers of cosmetology students nationwide, a negative characterization of for-profit education by regulators and politicians that continues to worsen and, in light of these factors, an inability to obtain continued financing.

This is not another case of a school being forced to shut down because it was accused of wrongdoing. We held ourselves to high educational and ethical standards. The environment is simply not one that allows us to remain open. We diligently explored a range of strategic options that would benefit our students, teachers, and staff — and allow us to remain open. Unfortunately, those efforts were not successful.

For more information, visit the Regency Beauty Institute website

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