Lawyers for college students challenging Governor Matt Blunt’s plan to sell off assets from the student loan agency to pay for college construction projects say they have no intention of ending their litigation. They say the lawsuit has been dropped only so plaintiffs can re-group and expand their legal challenge.
Governor Blunt had claimed a victory with the latest action. The lawsuit claims that the Missouri Higher Education Loan Authority abandoned its mission when it agreed to sell $335-Million in assets to fund the Governor’s college capital improvement plan. MOHELA has already transferred $230-Million in assets to the state.