State to Hold MOHELA Hearings

1 decade 1 year 10 months ago Friday, February 03 2006 Feb 3, 2006 Friday, February 03, 2006 9:15:36 PM CST February 03, 2006 in News

The office noted successful public hearings in the sale of Health Midwest in Kansas City and St. Louis University Hospital. Hearings will put everything in the public record about the sale of the Missouri Higher Education Loan Agency.

"When you have a lack of openness, that tends to raise more questions," said John Fougere, press secretary for Attorney General Jay Nixon. "And by having these public hearings, we want to get to the bottom of that and give the chance for the public to do that as well."

Nixon's office wants a fair and open sale and a fair price with the proceeds supporting MOHELA's mission, including providing quality services and benefits for higher education, money for improving higher education and money for the state.

Gov. Blunt's office says Missouri law protects the state and MOHELA in the sale, keeping money separate from other revenue. Blunt's spokewoman says, whatever happens, the sale won't change MOHELA's operation.

"MOHELA has designed a plan that will allow them, within their regular business plan, and in their everyday business process, they often buy and sell loans," explained Jessica Robinson. "They are going to dissolve a portion of their loans and assets in order to provide $450 million to fully fund the governor's Lewis and Clark initiative."

In four years, MOHELA will provide the $450 million to higher education, and according to Gov. Blunt's office, benefits will continue for future generations.

Times and locations of the public hearings will be announced in the next few weeks.

More News

Grid
List
COLUMBIA - Power was restored to 1,922 Columbia customers, according to Columbia Water & Light. The outage affected customers... More >>
8 hours ago Sunday, December 17 2017 Dec 17, 2017 Sunday, December 17, 2017 10:35:00 PM CST December 17, 2017 in News
CAPE GIRARDEAU (AP) — A Cape Girardeau man will likely spend the rest of his life in prison for shooting... More >>
11 hours ago Sunday, December 17 2017 Dec 17, 2017 Sunday, December 17, 2017 8:00:30 PM CST December 17, 2017 in News
COLUMBIA - Three years after picking up a disc for the first time, Cynthia Riccotti is thriving in her quest... More >>
12 hours ago Sunday, December 17 2017 Dec 17, 2017 Sunday, December 17, 2017 6:25:00 PM CST December 17, 2017 in News
TIPTON - A family is trying to recover after losing everything in a house fire, and with help from the... More >>
13 hours ago Sunday, December 17 2017 Dec 17, 2017 Sunday, December 17, 2017 5:20:00 PM CST December 17, 2017 in News
BOONE COUNTY - A boil advisory is in affect for Water Supply District No. 10 in Boone County. According... More >>
13 hours ago Sunday, December 17 2017 Dec 17, 2017 Sunday, December 17, 2017 5:18:00 PM CST December 17, 2017 in News
CAMDEN COUNTY - A Kansas City woman has been arrested in connection with a fatal car crash in Camden County... More >>
14 hours ago Sunday, December 17 2017 Dec 17, 2017 Sunday, December 17, 2017 4:48:00 PM CST December 17, 2017 in News
KANSAS CITY (AP) — Area educators are opening up the topic of teen suicide for discussion after seeing deaths rise... More >>
15 hours ago Sunday, December 17 2017 Dec 17, 2017 Sunday, December 17, 2017 4:07:00 PM CST December 17, 2017 in News
JEFFERSON CITY - The first ever "Christmas Countdown" Sunday is giving Jefferson City an opportunity for some last minute Christmas... More >>
21 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 >>
1 day 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 >>
1 day 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 >>
1 day 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 >>
1 day 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 >>
1 day 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 >>
1 day ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 4:03:00 PM CST December 16, 2017 in News
COLUMBIA – A new roundabout may be coming to Columbia on one intersection that may cause drivers trouble. The... More >>
1 day ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 3:55:00 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 >>
1 day 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 >>
1 day 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
Columbia, MO
Broken Clouds 44°
8am 42°
9am 44°
10am 45°
11am 48°

Select a station to view its upcoming schedule:

Coming Up Next

7:00a
Today
9:00a
Megyn Kelly TODAY
10:00a
Today with Kathie Lee & Hoda
7:00a
Maury
8:00a
The Steve Wilkos Show
9:00a
The Steve Wilkos Show

Tonight's Schedule

7:00p
The Voice
9:01p
Ellen's Game of Games
7:00p
Popstar's Best of 2017
8:00p
The Hollywood Walk of Fame Honors 2017
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld