August 7, 2013

Former college student failed to repay loans, lawsuit says

The National Collegiate Student Loan Trust has filed suit against the Beaumont woman who it claims failed to repay her student loans.

It claims it lent defendant Janet Nichols money, which she was supposed to repay in a series of payments beginning after a deferral period. However, it has received none of the money from Nichols, despite its written requests, according to the complaint filed July 16 in Jefferson County District Court.

“As of June 18, 2013, there continues to be owed by defendant to the plaintiff an unpaid balance of $22,643.83, plus accrued and unpaid interest of $3,526.87,” the suit states.

The student loan trust alleges breach of contract against Nichols.

In addition to the $26,170.70 it says Nichols owes it, the trust is seeking pre-judgment interest, attorney’s fees of $5,234.14, costs, post-judgment interest at the maximum rate allowed by law and other relief the court deems just.

Michael J. Scott of Carrollton will be representing it.

The case has been assigned to Judge Donald Floyd, 172nd District Court.

Case No. E194-540

The above statements do not represent those of Weston Legal or Michael Weston and they have not been reviewed for accuracy. The statements have been published by a third party and are being linked to by our website only because they contain information relating to debt. Nothing in this article should be construed as legal advice given by Weston Legal or Michael Weston. To view the source of the article, please following the link to the website that published the article. Articles written by Michael W. Weston can be viewed here: To report any problem with this article please email



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