You might have heard that Corinthian Colleges, a nationwide for-profit college system that advertised on TV constantly through institutions like Everest College, closed its doors in April after a record fine of $30 million by the Department of Education and legal action from various local authorities over deceptive and fraudulent practices. The shutdown left at least 16,000 students high and ... Read More »
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JPMorgan, which already restricted student loans to existing Chase bank customers, will stop accepting applications for private student loans on October 12, at the end of the peak borrowing season for this school year, according to a memo from the company to colleges that was reviewed by Reuters on Thursday. Final loan disbursements are expected before March 15, 2014.