Blunt Proposes Sale of Loan Authority

1 decade 2 years 4 months ago Wednesday, January 25 2006 Jan 25, 2006 Wednesday, January 25, 2006 2:10:09 PM CST January 25, 2006 in News
Source: (Copyright 2007 The Associated Press All Rights Reserved.)
AP-MO--StudentLoans(Tops 01-25 0174 AP-MO--Student Loans (Tops) Blunt proposing sale of student loan authority JEFFERSON CITY, Mo. (AP) -- Governor Blunt wants to sell Missouri's student-loan agency for an estimated 400 (m) million dollars. He proposes using the proceeds for a college building boom, student scholarships and endowed professorships. Documents obtained by the A-P show Blunt plans to ask lawmakers to form a five-member board to oversee competitive bids for the Chesterfield-based Missouri Higher Education Loan Authority, known as MOHELA. Blunt's plan is dubbed the "Lewis and Clark Discovery Initiative." A spokesman said the governor will provide other details tomorrow. ----- It proposes spending 300 (m) million dollars on 20 capital improvement projects at state universities, which it estimates would generate matching funds from other sources. The remaining 100 (m) million would go into a new student scholarship program, the development of technology businesses near campuses and endowed professorships. (Copyright 2006 by The Associated Press. All Rights Reserved.) AP-NY-01-25-06 1308EST

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