Great Lakes Higher Education Corp. v. Cavazos

CRABB, Chief Judge.

This civil action for declaratory judgment is before the court on plaintiff’s motion for a preliminary injunction pursuant to Rule 65 of the Federal Rules of Civil Procedure. Plaintiff seeks to enjoin defendants from implementing the 1987 amendments to the Higher Education Act of 1965 by withholding reinsurance payments due plaintiff until $13,490,858 in excess reserves has been recovered pursuant to the Higher Education Act of 1965 as amended in 1987. 20 U.S.C. §§ 1072(e)(1), 1072(e)(2), 1078(c)(1), 1078(f)(1)(B), 1078(c)(9)(A). Plaintiff contends that the 1987 amendments…