JPMorgan to stop making student loans

JPMorgan to stop making student loans: company memo | Reuters: "JPMorgan's decision comes after Congress acted in mid-2010 to bypass the banks and have the government lend directly to students. The federal government now issues 93 percent of student loans. Banks and other private lenders have also come under pressure from regulators and politicians to offer more flexible repayment terms on student loans." (more at link above)

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