MEMORANDUM
ROBERT L. TAYLOR, District Judge.
This action involves the administration of the Federal Insured Student Loan Program ["FISLP"] under Title IV, Part B, of the Higher Education Act of 1965, as amended, 20 U.S.C. § 1071 et seq. Plaintiff, Knoxville Business College ["the College"], is a privately owned vocational junior college of business located in Knoxville, Tennessee. On April 15, 1970, the College entered into a "Contract of Insurance...
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