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Edulinx loses student loan contract!

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    Posted: 24/December/2006 at 7:46pm

Resolve wins contract to handle student loans

Resolve Business Outsourcing Income Fund has won a five-year, $270-million contract to handle Canada's student loans program for Human Resources and Social Development Canada. Resolve, which has been handling part of the loans program since 2002, has now been named the exclusive partner and will manage a direct loan portfolio of $6.8-billion, with about 1.6 million borrowers involved in repayment. Also this week, the company announced it had signed a significant long-term contract to provide credit card administration and call centre services to President's Choice MasterCard, which is part of the financial services offered through Loblaws supermarkets across Canada. Financial terms were not disclosed but the deal is said to be worth tens of millions of dollars to the company. RBO.UN (TSX) rose 90 cents to $8.30.



Mark O'Meara

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