Madison - St. Clair Record

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HICA student loan corporation sues over alleged unpaid notes

By Molly English-Bowers | Jan 14, 2016


A student loan administrator is suing over the alleged failure of the defendant to repay four different student loans.

HICA Education Loan Corporation filed the suit on Jan. 7 in U.S. District Court of the Third District of Illinois against Armand A. Kachigian, a resident of Madison County.

According to the suit, the defendant signed promissory notes on higher education student loans on Sept. 8, 1986, Oct. 5, 1987, Sept. 16, 1988 and Jan. 3, 1990, totaling more than $62,000, including unpaid late charges, accruing interest and other fees. 

According to the suit, the plaintiff has made demand of the defendant to pay the loans, but the defendant allegedly continues to refuse to pay the debt.

The plaintiff seeks repayment of $62,248 from the defendant as well as post-judgment interest, and a separate judgment for attorney fees, court costs and any other relief that court may deem appropriate. HICA is represented by Casey B. Hicks of Weltman, Weinberg & Reis Co., LPA of Chicago.

U.S. District Court of the Third District of Illinois case number 16-L-12

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Organizations in this Story

HICA Education Loan Corporation Weltman, Weinberg and Reis Co., L.P.A.

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