"One of the nation's largest student loan companies is exiting the remaining part of its student loan business," The Wall Street Journal reports. "In a letter addressed to college financial aid officers, College Loan Corp.'s chief executive, Cary Katz, says the company will 'cease all private loan disbursements effective immediately' because it lost its funding. This comes in the wake of its announcement earlier this year that it would cease disbursing federally-backed student loans. The San Diego-based company originated some $1.5 billion in federal student loans in fiscal 2007, ranking it one of the top 10 lenders in the country, according to the Education Department."