Loading…
Wednesday, April 16, 2014
Current Weather
Loading Current Weather....
Published: 9/6/2013

JPMorgan walks away from student loans

LOS ANGELES — JPMorgan Chase & Co. is exiting the student loan business, saying it doesn’t see meaningful growth in the private market for education loans.

Spokesman Trish Wexler says that the New York lender will stop accepting student loan applications after Oct. 12. She said families are increasingly relying on government-backed student loans. Chase made $200 million in student loans last year, down from $6.9 billion in 2008.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.



Poll