New Jersey Higher Education Assistance Authority v. Martin

The opinion of the court was delivered by

BAIME, J.A.D.

The New Jersey Higher Education Assistance Authority (HEAA) appeals from an order of the Law Division, denying its motion for the award of interest and counsel fees as a part of a

*566judgment against Howard J. Martin based upon his default in payment of a guaranteed student loan. Martin borrowed $22,500 under the federal Guaranteed Student Loan Program to finance his education at the Fairleigh Dickinson University School of Dentistry. Over, a five year period, Martin signed a series of promissory notes in which he agreed to repay the principal…