SOUTH EUCLID, Ohio - Many of the 217 girls who attend Regina High School in South Euclid took part in a rally Wednesday night, to object to the decision by the Sisters of Notre Dame to close the school at the end of the school year.

Junior Corinne Huntley tells Fox Eight News "it wasn't fair, they didn't tell us about any of the money issues, they should have told us, they should have told us that ahead of time , that we were in financial trouble and what we could do to help save the school."

The students say the decision to shut down the school is devastating for Regina's freshmen, sophomores and juniors.

Junior Taylore Gilson says "I think it's disgusting, like this is my home, I've made my family, like I've spent the last three years building up friendships."

But the administration at Regina says the school is a victim of falling enrollment and the rising cost of private education.

Sister Margaret Gorman, the school's acting principal, tells Fox Eight "it the realities of our current economy and the effect of this economic downturn on a school that had a very tight margin to begin with."

But many students and parents believe neighboring Notre Dame College covets the Regina campus and plans to expand once the school is shut down.

Corinne Huntley says "it's for business, it has nothing to do with the students, it's all about business."

But Sister Margaret says "there have been no discussions, no decision made about the future of this property, this decision was based on the viability of Regina, and not about our relationship with any other entity."

The students say they are not ready to give up.

Junior Megan Smith told us "we're writing everyone, everyone local that we know, we wrote like Oprah and Ty Pennington, I mean we're really trying everything because this really means a lot to us."