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BD. OF HIGHER EDUC. OF THE CITY OF NEW YORK v. NEW YORK HIGHER EDUC. ASSISTANCE CORP. (NYHEAC)

41 A.D.2d 826 (1973)

Board of Higher Education of the City of New York et al., Respondents, v. New York Higher Education Assistance Corporation (Nyheac) et al., Appellants

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

April 23, 1973

The defendant corporation, created by State legislation to facilitate student education loans, had enacted regulations which in effect deprive present and future students of Manhattan Community College of loan guarantees based on the prior default ratio of students in that College. Those students who had defaulted on their loans have already, in the main, left the College and are not under its supervision or control. In a matter as important as the assurance of continued...

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