[DOWNLOAD] "United States v. Tilleraas" by United States Court Of Appeals For The Sixth Circuit # eBook PDF Kindle ePub Free
eBook details
- Title: United States v. Tilleraas
- Author : United States Court Of Appeals For The Sixth Circuit
- Release Date : January 17, 1983
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 57 KB
Description
Defendant-appellant, Elizabeth Tilleraas, applied for and received three student loans totalling $3,500.00 under the Federal Insured Student Loan Program (FISLP) of the Higher Education Act of 1965, 20 U.S.C. § 1071, et seq. These loans were secured by three promissory notes executed, respectively, on September 4, 1969, June 18, 1970, and October 5, 1970, in favor of Dakota National Bank & Trust Co., Fargo, North Dakota. Under terms of these student loans, periodic payments were required commencing twelve months after Tilleraas ceased to carry at least one-half of a fulltime academic workload at an eligible institution. 20 U.S.C. § 1077(a)(2)(B). Her student status terminated on January 28, 1971, and the first installment payment thus became due January 28, 1972. Appellant never made any payment on any of her loans. The United States insured to the lender bank the repayment in event of any failure to pay by the borrower under the terms of the FISLP.