Bank One Education Finance Will Give Schools, Students More Loan Choices; Bank One Campus Loan Will be Ready for 2005-06 School Year.CHICAGO -- Colleges and students will have an additional student loan choice in 2005-2006, thanks to a new loan program from Bank One Education Finance Corp. The Bank One Campus Loan program will be available in the spring of 2005 in time for the 2005-2006 academic year, and will be marketed to school financial aid offices by Bank One Education Finance, an affiliate of JPMorgan Chase JPMorgan Chase (NYSE: JPM TYO: 8634 ) is one of the oldest financial services firms in the world. The company, headquartered in New York City, is one of the leaders in investment banking, financial services, asset and wealth management and private equity. With assets of $1. & Co. (NYSE NYSE See: New York Stock Exchange :JPM JPM J. P. Morgan Chase & Co. (stock symbol) JPM Juan Pablo Montoya (formula 1 driver) JPM Jabatan Perdana Menteri (Malaysia) JPM Journal of Property Management ). First Marblehead (NYSE:FMD FMD foot-and-mouth disease. ) will provide program management and operational support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to Bank One, and plans to securitize Securitize The practice of a company selling accounts receivables or other debts owed to it. The third party that buys the debt assumes ownership of it and the responsibility for collecting the debts, and keeps the repayments when made. loans generated from Bank One under this program. "Bank One Campus Loan is another example of our commitment to providing schools and students with additional choices and flexibility in financing higher education," said Lynn Ross, Senior Vice President of Bank One Education Finance. "It will augment our school channel offerings, allowing us to deliver better products and services to our school and student customers." The program expands the Bank One-First Marblehead relationship into the school channel markets. The organizations have been working together on direct-to-consumer loan programs since 2000. About Bank One Education Finance Bank One Education Finance Corporation, an affiliate of JPMorgan Chase & Co., provides students more than $4 billion each year in Federal Stafford and Federal PLUS loans as well as its own private consumer loan and school channel products. With more than 100 dedicated professionals, Bank One Education Finance is the nation's largest education loan originator and one of the fastest-growing private loan providers. JPMorgan Chase & Co. (NYSE:JPM) is a leading global financial services firm with assets of $1.1 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. , JPMorgan Chase & Co. has its corporate headquarters in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and its U.S. retail financial services and commercial banking headquarters in Chicago. Under the JPMorgan, Chase and Bank One brands, the firm serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients. Information about the firm is available at www.jpmorganchase.com. |
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