- Associated Press - Monday, June 15, 2015

BRIDGEPORT, Conn. (AP) - A Connecticut lawyer who hasn’t paid his law school loans since 2001, saying the federal government broke his loan agreement, has been ordered by a judge to pay the outstanding balance of more than $236,000.

The Connecticut Law Tribune reports (https://bit.ly/1MG0bqB ) that Branford attorney Gregory Cohan argued that his responsibility to repay the loan was eliminated because the federal Department of Education breached the loan agreement. He said the government miscalculated his monthly payments and made it impossible for him to pay his loans.

The federal government sued Cohan over the debt in 2011, saying he defaulted on the loan in 2002.

Cohan said his payments should have been about $100 a month, but the government figured they should be $300. The dispute centered on how Cohan’s income was calculated in 2001.

U.S. District Judge Jeffrey Meyer in Bridgeport ruled against Cohan earlier this month,

“Defendant has presented no evidence to support his statement at oral argument that the government ‘made it impossible for (him) to make the payments’ or that he was unable to calculate his payments,” Meyer wrote.

Cohan didn’t immediately return a message Monday.

Cohan went to the University of Bridgeport Law School, which is now the Quinnipiac School of Law, and got his Connecticut law license in 1993. He consolidated his loans in 1999 under a federal loan program that ties payments to income and owed just under $98,000 at the time.

Cohan reported his 2001 income as $14,605 in the loan agreement, but federal prosecutors say his 2000 income of $26,960 should have been used, which put his monthly payment amount at $310 instead of $100.

With interest at 8.25 percent a year, Cohan’s debt is now about $236,500.

Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide