MOHELA Proposal Center Stage at Senate Hearing

A meeting of a Senate committee looking into the high cost of college education focuses primarily on the proposed sale of assets of the Missouri Higher Education Loan Authority. MOHELA’s Associate Director Quentin Wilson told the panel the deal would be a good one for Missouri students who don’t have a lot of money. He says in addition to paying for buildings, the sale would provide more money to help needy students to go to college. The Board of MOHELA was to have voted, last Friday, on the proposed sale of assets. But members delayed a vote after receiving word from the Attorney General’s office that they might be sued, individually, if they went through with the deal before first having it approved by the Legislature. Attorney General Jay Nixon has come out against the deal. He denies his opposition has anything to do with his plans to run for Governor in 2008.