Governor Optimistic Final MOHELA Plan Will Reflect his Proposal

As the proposal to sell of assets of the Missouri Higher Education Loan Authority makes its way through the Legislature, Governor Matt Blunt remains optimistic he’ll get most of what he wants. The Governor’s proposal for the sale of about $450-Million of MOHELA assets differs slightly from the Senate proposal and quite a bit from the version put forward by the House. Governor Blunt realizes the final product will be a combination of the three. A big area of disagreement involves spending for college building projects. Blunt’s plan and the Senate proposal each call for about $300-Million in spending. The House wants to spend only $164-Million. Blunt also wants $20-Million for endowed professorships. The House and Senate each propose spending nothing in that area. The Governor is optimistic that at the end of the day, he’ll get most of what he has proposed.