JPMorgan Chase & Co. (NYSE:JPM) has announced plans to restrict its offers of student loans to those who are customers with the bank. The move will come into effect on July 1st in time for the initiation of the new school year. The latest move is one of many in a continuum that has seen the company retract its self from the student loan market in recent years. The statement announcing the new restrictions on student loan applications cited the declining size of the market and the increasing government presence as reasons for their decision. The move will see a cessation…
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