EduCap, a nonprofit company that pioneered the $17 billion-a-year private student loan industry, laid off scores of workers yesterday and is considering shutting its loan business as federal officials investigate whether it has abused its tax-exempt status, according to current and former employees. -
Top Private Education Lender Cuts Jobs
EduCap, a nonprofit company that pioneered the $17 billion-a-year private student loan industry, laid off scores of workers yesterday and is considering shutting its loan business as federal officials investigate whether it has abused its tax-exempt status, according to current and former employees.-
By Amit R. Paley and Valerie Strauss