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You are here: Home / Politics / Govt / MOHELA Sells Assets Even as Hearing is Pending

MOHELA Sells Assets Even as Hearing is Pending

September 10, 2007 By admin Leave a Comment

The effort to keep the Missouri Higher Education Loan Authority from selling some of its assets will be the focus of a court hearing in Jefferson City tomorrow. Despite the pending hearing, the MOHELA board has voted to sell $230 milion in assets within days.

The lawsuit filed on behalf of student borrowers says the sale would violate the mission of the loan authority and would violate the board’s fiduciary responsibility to students.

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Filed Under: Politics / Govt Tagged With: MOHELA

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