JPMorgan Chase & Co acquired Collegiate Funding Services for $663 million, a transaction completed in March 2006, structured as Acquisition.
Collegiate Funding Services operates in Retail Financial Services, is based in United States. Collegiate Funding Services was a leader in student loan servicing and consolidation. JPMorgan Chase acquired the company on March 1, 2006 for approximately $663 million. The acquisition expanded JPMorgan's education finance business within its retail banking operations.
Grow JPMorgan's education finance and student lending business.
Advisory firms were not disclosed for this transaction.