Colleges are Being Told...No More Student Loans!

It started last month as JPMorgan Chase sent notification to colleges that they will stop making new student loans.  The reason: "It is no longer sustainable and not the right place to allocate capital in the future." In other words...the Student "debt bubble" is about to burst.  Do you know people who were counting on student loans to help their kids get through college?  NOW is the time to talk with them about our business! ...Dennis

The student loan bubble is starting to burst

The largest bank in the United States will stop making student loans.

JPMorgan Chase has sent a memorandum to colleges notifying them that the bank will stop making new student loans this month, according to Reuters.

The official reason is quite bland.

"We just don't see this as a market that we can significantly grow," Thasunda Duckett tells Reuters. Duckett is the chief executive for auto and student loans at Chase, which means she's basically delivering the news that a large part of her business is getting closed down.

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