April 25, 2008

In Reversal, Chase Eliminates Some Discounts for Student Borrowers

By Paul Basken

Washington

Two months ago, as a sense of crisis descended upon the student-loan industry, JPMorgan Chase & Co. stood up and said that it not only would continue to supply government-backed loans, but would do so at a discount (The Chronicle, February 15).

"It sounds so self-serving," a company spokesman, Thomas A. Kelly, said at the time, "but if you are doing business with a major bank doing student lending, they're going

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