Missouri's student loan authority is ending two programs that gave interest rate breaks to certain borrowers. Critics attribute part of the decision to a controversial state campus construction plan that tapped $350 million from the Missouri Higher Education Loan Authority (MOHELA). But MOHELA points to market forces affecting the whole student loan industry.
Click here to read The St. Louis Post-Dispatch article.
FROM 2007: Despite a legal challenge from student borrowers, a judge has allowed the transfer of $230 million from Missouri’s student loan agency to fund construction projects on college campuses The judge denied a temporary restraining order against the Missouri Higher Education Loan Authority that would have prevented the agency from making a first payment on the construction projects by Friday. The fund transfer is part of Gov. Matt Blunt’s plan to finance $350 million in construction projects at universities in the state. (Kansas City Star)
