United States Bankruptcy Court, W.D. New York August 21, 2003, 1-19-10415 (Armesto v. New York State Higher Education Services Corp. (In Re Armesto))

CARL L. BUCKI, Bankruptcy Judge.

This case presents the issue of how ownership of an exempt asset will impact the determination of whether the repayment of student loans creates an undue hardship for a debtor.

From 1970 to 1974, Christine Armesto borrowed $5,750 to finance her attendance at Villa Maria College and SUNY College at Buffalo. The outstanding loan balances totaled $5,891.