JPMorgan Shuts Down Student Loan Operation – ValueWalk Premium
JPMorgan

JPMorgan Shuts Down Student Loan Operation

JPMorgan Chase & Co (NYSE:JPM) will stop making student loans, according to documents picked up by Reuters. According to these documents reviewed by the news agency, JPMorgan decided that Federal student loan offerings were too competitive and reduced its ability to grow the business. The bank will stop accepting applications for loans on October 12.

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