JPMorgan Chase To End Student Loans

News: New York-based JPMorgan Chase is to end issuing student loans as of October 2013 as the market continues to dec line in terms of participants, t he Washington Post reports. The move follows the government ' s decision to provide loans to students di rectly, decreasing the private sector ' s incentive to engage with the market. JPMorgan added that the bank no longer saw ' meaningful growth ' in student loans.

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Geography: United States, United States, United States, United States

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