Chase Gets Out of Student Loan Business

Chase will no longer make student loans. Chase has been paring back its student loan program over the past few years in response to the federal government taking on the role of student lender. Even for the largest of financial institutions, competing in the student lending market has become futile as the federal government has be become the primary lender and dominant participant. See:

Since the federal government will soon dominate the health insurance marketplace through implementation of the Affordable Care Act, are health insurers next?

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