Print Page | Close Window

Edulinx loses student loan contract!

Printed From: CanadaStudentDebt.ca
Category: News, Announcements and Alerts
Forum Name: News, Announcements and Alerts
Forum Description: Recent news stories and Announcements
URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=4005
Printed Date: 28/March/2024 at 4:30pm
Software Version: Web Wiz Forums 12.07 - https://www.webwizforums.com


Topic: Edulinx loses student loan contract!
Posted By: administrator
Subject: Edulinx loses student loan contract!
Date Posted: 24/December/2006 at 7:46pm
From Globeandmail.com

Resolve wins contract to handle student loans
CP

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.



-------------
Administrator
Mark OMeara
Author of Let Go and Heal: Recovery from Emotional Pain
https://LaughSingWrite.com - http://bit.ly/heal2024



Print Page | Close Window

Forum Software by Web Wiz Forums® version 12.07 - https://www.webwizforums.com
Copyright ©2001-2024 Web Wiz Ltd. - https://www.webwiz.net