Just weeks after ITT Tech ceased operations at all of its campuses, including the one in Swartz Creek, Regency Beauty Institute has abruptly closed its doors for good. The cosmetology school made the shocking announcement on its 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.

The announcement goes on to cite financial problems as the reason for the closure, stating: The organization does not have the cash to continue to run the business.

Several displaced students spoke with WJRT, noting that some are out as much as $20,000 for the one-year program. Regency posted an update on its website, stating that many students may be able to complete their education at other schools.

Significant numbers of accredited cosmetology schools are reaching out to Regency Beauty Institute to complete “teach out” agreements. These schools are eager to accept Regency students.