Governor Matt Blunt has gotten what he wanted to fund his initiative to pay for $300-Million in college campus improvements, establish a $100-Million scholarship fund, and create $20-Million in endowed professorships. Blunt thanks members of the Missouri Higher Education Loan Authority board for approving the sale of nearly half its assets to raise the necessary money. The MOHELA board has unanimously approved the sale of $2.4-Billion in consolidation loans, now expected to generate $450-Million. Blunt says MOHELA can make the sale and continue as a leader in servicing low-interest college student loans. As much as $210-Million might be available by the end of September.
