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. State Efforts Underway to Help Regency Beauty Institute Students After Abrupt Closure. Students affected by the September 29, 2016 closure of Regency Beauty Institute: There will be 3 options available to students who were enrolled at Regency Beauty Institute locations in Maryland: Pursue a federal loan discharge and state refund of self-paid or private lender monies paid to the school. In short, the organization does not have the cash to continue to run the business. The company closed schools over time and then filed for bankruptcy in 2015. The student wants to change from a cosmetology to a … We held ourselves to high educational and ethical standards. Students can pick up personal items on Thursday from 3 p.m. to 5 p.m. and Friday from 11 a.m. to 1 p.m. Our first priority is to provide answers to common questions for students and those affected by the closure. Police evacuated nearby buildings and called in the bomb squad. The State Council of Higher Education for Virginia (SCHEV) is providing important information to students who were enrolled at Regency Beauty Institute at the time of its closure on September 28, 2016. Copyright © 2020 KTRK-TV. After over 50 years, Regency Beauty Institute has suddenly closed all 79 campuses including 2 in Tucson. Regency Beauty Institute at Crystal Lake had about 64 students. This is a partial list of recent closures. Vatterott College. On Sept. 28, 2016, officials representing Regency Beauty Institute (Regency) alerted the U.S. Department of Education that Regency will cease operations and no longer offer instruction at all of their locations, including two in Wisconsin. “This is not another case of a school being forced to shut down because it was accused of wrongdoing. This includes the location on the east side of Evansville. At Aveda, we care for the world around us and make it a priority to foster and develop our students’ love and passion for the beauty industry. Regency Beauty Institute has ceased operations and has appointed Parchment as the official record provider of student records. If you have federal loans and were attending Regency when it announced its closure on Sept. 28, 2016, or if you withdrew from Regency on or after May 31, 2016, you have two primary options: Apply for a closed school loan discharge; or Regency Beauty Institute reported on its website that it has closed all 79 of its campuses, including the campus across from Patrick Henry Mall in Newport News. 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