Agreement Calls for more University use of MOHELA

1 decade 1 year 8 months ago Monday, August 28 2006 Aug 28, 2006 Monday, August 28, 2006 3:26:50 PM CDT August 28, 2006 in News
Source: (Copyright 2007 The Associated Press All Rights Reserved.)
JEFFERSON CITY (AP) - A new higher education funding plan could lead to a new loan handler for some University of Missouri students. A proposed agreement is between Gov. Blunt's administration and the Missouri Higher Education Loan Authority, or MOHELA. It calls for the agency to transfer between $350-$400 million to the state for campus constuction projects. But details released today show the University of Missouri also would be part of the agreement. It would pledge "good faith efforts" to increase the use of MOHELA loans. The university says that fewer than 1% of the loans handled at its Columbia and Kansas City campuses currently go through MOHELA. By contrast, nearly all of the loans at its St. Louis campus pass through MOHELA and about 40% do at the Rolla campus.

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