Two Port Arthur women accused of defaulting on student loan
Two Port Arthur women are accused of not repaying an $18,000 student loan.
National Collegiate Student Loan Trust 2006-3 filed a lawsuit against April Price and Mildred Price on Aug. 19 in Jefferson County District Court.
April Price borrowed money from Bank of America to fund her education at Lamar University, according to the petition. The loan, originated through the National Collegiate Student Loan Trusts, was allegedly guaranteed by Mildred Price.
National Collegiate says the original loan allowed for a deferral period, after which April Price agreed to begin making payments. However, the student loan trust contends Price defaulted on the loan, leaving an unpaid balance of $18,065.
The National Collegiate Student Loan Trust alleges the guarantor, Mildred Price, is also responsible for repaying the money but has refused.
The plaintiff seeks a judgment in the amount owed plus interest, attorney fees and court costs.
Attorney Michael J. Scott, of Carrollton, represents the National Collegiate Student Loan Trust 2006-3.
Jefferson County District Court case number: B-196020
This is a report on a civil lawsuit filed at Jefferson County District Court. The details in this report come from an original complaint filed by a plaintiff. Please note that a complaint represents an accusation by a private individual, not the government. It is not an indication of guilt and it represents only one side of the story.