Without "Meaningful Growth" in Student Loans, JPMorgan Chase Stopping Them Altogether (Slate) JPMorgan Chase & Co (NYSE:JPM) announced on Thursday that it will stop issuing student loans. The bank had already scaled back its loans to students with disbursements dropping from $6.9 billion in 2008 to $200 million last year. Competition from government loan programs and increased regulatory scrutiny led the country's biggest bank to decide to get out of the student loan business, Reuters reports.