Only Part of MOHELA for Sale

1 decade 1 year 10 months ago Tuesday, January 31 2006 Jan 31, 2006 Tuesday, January 31, 2006 6:46:45 PM CST January 31, 2006 in News

The Missouri Higher Education Loan Authority dropped Blunt's plan to sell all of MOHELA to a private company. Instead, it will sell only the debt on older, consolidated loans.

Blunt's office said the sale should bring in $450 million to pay for his proposed university scholarship and capital improvement program. That's $25 million more than Blunt's earlier estimate for all of MOHELA.

Democrats complain the plan leaves lawmakers out of the decision-making.

"I am very concerned. I hope the attorney general blocks this," said Sen. Victor Callahan of Independence. "I'm hoping that the legislature will take action to at least look into this and prevent it. This the wrong way to go about a plan. The governor is not the king of Missouri and he should not unilaterally act in this capacity."

But, Blunt's spokeswoman, Jessica Robinson said, "This will be a very open process going forward. They will use the open bid process, so they will create an RFP. They will create a contract, basically, for some of these assets. Today, the board of directors made it very clear that it's their intent to look out for student interests."

Blunt's office said the sale should not affect future student loan rates. UM President Elson Floyd says he's excited about the new plan.

More News

Grid
List
JEFFERSON CITY - The first ever "Christmas Countdown" Sunday is giving Jefferson City an opportunity for some last minute Christmas... More >>
4 hours ago Sunday, December 17 2017 Dec 17, 2017 Sunday, December 17, 2017 9:21:00 AM CST December 17, 2017 in News
COLUMBIA (AP) — Police say they have arrested a man charged in an August quadruple homicide that occurred in... More >>
14 hours ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 11:15:00 PM CST December 16, 2017 in News
NEW BLOOMFIELD - A two-vehicle car wreck Saturday left one dead and two others injured, according to the Missouri State... More >>
17 hours ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 8:15:00 PM CST December 16, 2017 in News
COLUMBIA - An event in Columbia today addressed the prevalence of gun violence and misuse of firearms by offering gift... More >>
17 hours ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 8:04:00 PM CST December 16, 2017 in News
COLUMBIA – A six-year-old held a hot chocolate stand Saturday outside of a Hy-Vee in Jefferson City to help two... More >>
18 hours ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 6:51:00 PM CST December 16, 2017 in News
COLUMBIA - The Wyss Medical Foundation donated $2 million to the Missouri Orthapaedic Institute for the work of lead orthopaedic... More >>
20 hours ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 5:05:00 PM CST December 16, 2017 in News
COLUMBIA - On Friday, the Columbia Police Department inducted eight new recruits, the largest class of officers in years. ... More >>
21 hours ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 4:03:00 PM CST December 16, 2017 in News
JACKSONVILLE - An estimated 400 people attended a wreath laying ceremony Saturday at the Jacksonville State Veterans Cemetery. It... More >>
22 hours ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 3:31:00 PM CST December 16, 2017 in News
COLUMBIA – Graduation day is long awaited by many and Amy Kiso Bledsoe is no exception. Bledsoe was... More >>
22 hours ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 2:47:00 PM CST December 16, 2017 in News
ST. LOUIS (AP) — As Missouri struggles with the epidemic of opioid abuse, no place in the state has been... More >>
1 day ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 1:10:14 PM CST December 16, 2017 in News
BOONE COUNTY - A furnace malfunction caused a fire in a trailer home on Pratherville Road Saturday morning. Gale... More >>
1 day ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 12:05:48 PM CST December 16, 2017 in News
KANSAS CITY, Mo. (AP) — People returning to Kansas City after being released from prison will get a 90-day supply... More >>
1 day ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 11:25:12 AM CST December 16, 2017 in News
BOONE COUNTY - Firefighters responded to a shed fire off of Highway 40 near Rocheport Saturday morning. Boone County... More >>
1 day ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 10:04:00 AM CST December 16, 2017 in News
KANSAS CITY, Mo. (AP) — Officials with the University of Missouri-Kansas City say students will soon have access to state-of-the-art... More >>
1 day ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 8:16:45 AM CST December 16, 2017 in Continuous News
COLUMBIA - Cat cafes have popped up across the world in cities including New York City, London and Tokyo, and... More >>
1 day ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 7:36:00 AM CST December 16, 2017 in News
JEFFERSON CITY - Some Jefferson City kids are getting the chance at a Merry Christmas this year with the help... More >>
1 day ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 12:00:00 AM CST December 16, 2017 in Top Stories
COLUMBIA - The Missouri State Highway Patrol has confirmed it has fired Trooper Anthony Piercy. KOMU 8 spoke to... More >>
1 day ago Friday, December 15 2017 Dec 15, 2017 Friday, December 15, 2017 8:42:00 PM CST December 15, 2017 in News
COLUMBIA - St. Louis officers arrested a suspect that was on the run in a duplex on Sears Court in... More >>
1 day ago Friday, December 15 2017 Dec 15, 2017 Friday, December 15, 2017 8:29:00 PM CST December 15, 2017 in News
Columbia, MO
Broken Clouds 45°
2pm 48°
3pm 48°
4pm 49°
5pm 48°

Select a station to view its upcoming schedule:

Coming Up Next

12:00p
2018 Winter Olympic Trials
2:00p
PGA Tour Golf
5:00p
KOMU 8 News @ 5
1:30p
Paid Program
2:00p
Muppets from Space
4:00p
Rules of Engagement

Tonight's Schedule

6:00p
Football Night in America
7:20p
Sunday Night Football
7:00p
The Christmas Bunny
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Family Guy