A state representative wants to stop Governor Blunt’s proposal to use the assets of the student loan agency to pay for college capital improvements. Representative Clint Zweifel (D-Florissant) has long been a critic of Governor Blunt’s MOHELA plan. He called in the past for an independent financial analysis of it, but has now opted instead on a bill that would effectively block the sale Missouri Higher Education Loan assets.The governor wants MOHELA to sell off $350 million in assets to fund college capital improvements. Zweifel says that goes against MOHELA’s mission. He will file a bill to stop it. A rough draft of Zweifel’s bill restricts use of MOHELA assets to providing college student loans and expressly prohibits using MOHELA assets to pay for capital improvements. Zweifel is a Democrat and faces an uphill battle in a legislative body controlled by the governor’s party, Republicans.
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