House Committee Refines MOHELA Proposal

More money for bricks and mortar and much less money for scholarships for the students who might study in those new buildings are highlights of the latest plan for state spending of MOHELA money. The House Budget Committee says it has come up with a new plan for spending money from the sale of assets of the Missouri Higher Education Loan Authority – the agency that helps many students finance their college educations. More construction projects have been added. But earlier plans to use $193-Million for scholarships has been cut to about $12-Million. And money for endowed professorships has been scrapped completely. So far, however, MOHELA has not agreed to sell any of its assets.