Two Beaumont men are being sued for allegedly defaulting on nearly $20,000 in student loans.
The National Collegiate Student Loan Trust 2005-3 filed a lawsuit Aug. 19 in Jefferson County District Court against Pimbly Guidry and George Fontenot.
Guidry allegedly borrowed money from Charter One Bank to attend Lamar University for the 2004-05 school year. According to the complaint, the loan, guaranteed by Fontenot, allowed for a deferral period. Guidry allegedly agreed to begin repaying the student loan after the deferral.
The lawsuit alleges Guidry failed to make payments as agreed and defaulted on the loan, leaving an unpaid balance of nearly $19,000.
Guidry and Fontenot are accused of breach of contract. National Collegiate asks they be ordered to pay the remaining balance on the loan plus interest and costs of the lawsuit.
The National Collegiate Student Loan Trust 2005-3 is represented by attorney Michael J. Scott of Carrollton.
Jefferson County District Court case number: D196-024
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.