"Student Loan Xpress, a college student lender in Carmel Valley, said it is shutting down operations and laying off 124 employees," the San Diego Business Journal reports. "CIT spokeswoman Mary Flynn said the student lender will continue to handle existing loans at a service center in Cleveland, Ohio. It is no longer making new loans, she said. Two other lenders in the region, Virginia-based Goal Financial LLC in San Diego and College Loan Corp. in Poway, have cut staff in recent months, following their decisions to stop offering certain types of student loans. Goal laid off 134 employees last year. College Loan laid off 260 employees, or 70 percent of its staff."