Student Loan Case Appealed To Supreme Court
Stolen From Msg Board
The case the court will hear involves a former student in Tennessee who owed more than $4,000 in state-backed education loans. She sued the state to get out of the loan, and the state replied that it could not be sued. A bankruptcy judge refused to dismiss the suit and the Tennessee Student Assistance Corp., a state agency, appealed to the Supreme Court.
The case is Tennessee Student Assistance Corp. v. Hood, 02-1606 and can be found with a Google search.
Maybe someone should find out what law firm represents this borrower and contact that firm to see if they want to take on our cause, a case challenging the consititutionality of the contract clause that prohibits borrowers from refinancing a consolidated loan. I doubt the borrower in the Tennessee case, with a $4,000.00 loan, is paying this law firm to go all the way to the Supreme Court on their behalf. Hence, if they take on our cause they might also take the case without the requirement of the borrower paying legal fees. Its worth a try, especially when one considers the fact that if a bank ever tried to do that, tell a borrower that they can't refinance a loan, the bank regulatory authorities would put a stop to the practice without any hesitation or delay.