NEW YORK HIGHER EDUC. ASSISTANCE CORP. v. OLMSTEAD


38 A.D.2d 626 (1971)

New York Higher Education Assistance Corp., Respondent, v. Brian M. Olmstead, Appellant

Appellate Division of the Supreme Court of the State of New York, Third Department.

December 15, 1971


Since 1958 appellant has been advanced various sums totaling $3,500 for purposes of completing his college and legal education. Respondent is the assignee of a note between the lending institution and appellant on a loan made under article 14 of the Education Law. The instrument evidencing the loan expired 30 days after he graduated and by its terms, he was then obliged to pay the note in full or execute and deliver a promissory note calling for installment payments. Appellant...

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