Photo Credit: WJON, St. Cloud
After over 50 years of teaching cosmetology students, Minnesota-based Regency Beauty Institute has closed all 79 of their campuses. The following statement was posted on the corporate website: “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.”