BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Marinello Schools of Beauty today announced the closure of all campuses and the imminent cessation of substantially all operations following funding delays from the Department of Education. Marinello said campuses in California, Nevada and Utah will close today, February 4, while campuses in Kansas and Connecticut will close Friday, February 5. Students will receive transcripts, information about transfer options and other materials during on campus meetings at designated times, as detailed on www.marinello.com.
In conjunction, Marinello released the following statement:
“Our students have gone to great lengths to complete their education to better their lives. The Department’s actions have deprived Marinello’s students of the opportunity to complete their education at Marinello without interruption.
“When the Department began to withhold funds from our deserving students two months ago, we pleaded with the Department to provide even basic information about its concerns, yet it refused to do so. We are confident we would have been able to address them given Marinello’s long history of compliance with regulatory requirements. The Department waited until we were past the point of no return financially to allow us any opportunity to respond to its unfounded allegations.
“Our priority now is to provide the best possible outcome for our students. We are working closely with our state educational agencies, our accrediting commission, and well-respected schools to provide a smooth transition for our students so they are able to complete their education and achieve the life they have worked so hard for. We are also saddened by the loss of approximately 800 jobs and the end of a century-old institution. To our students and coworkers, we want you to know that we did everything in our power to avoid this unfortunate conclusion and keep your school open.”
