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NEW YORK STATE HIGHER EDUCATION SERVICES CORPORATION v. KAPLAN

257 A.D.2d 974 (1999)

684 N.Y.S.2d 356

NEW YORK STATE HIGHER EDUCATION SERVICES CORPORATION, Respondent, v. HENRY KAPLAN, Appellant.

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

Decided January 28, 1999.

Carpinello, J.

Plaintiff is a State agency that guarantees the repayment of educational loans made by financial institutions to defray the cost of higher education. In 1988 and 1989, defendant signed three promissory notes guaranteed by plaintiff. Each of the notes memorialized a $4,000 loan borrowed from the Teachers Federal Credit Union for the purpose of financing the college tuition of defendant's two daughters. Defendant ultimately defaulted on the loans after...

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