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Governor Blunt Touts Plan to Sell Student Loan Program

January 26, 2006
By: Jade Mingus
State Capital Bureau

Some state Democrats say Governor Blunt's new Lewis and Clark initiative will improve science at the expense of students.

Jade Mingus has more from the state Capitol.

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Governor Blunt discussed changes to Missouri's Higher Education Loan Authority or MOHELA on MU's campus.

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Contents: The key underlying foundation of this is shifting the Missouri Higher Education Authority or MOHELA to a public private partnership.

Democratic Senator Chuck Graham of Columbia says he wants more money for university improvements..but he says students could end up paying the ultimate price of ending the state's loan program.

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Contents: I don't want it to be funded on the backs of students who pay higher interest rates on loans that will affect them for the next 15 or 20 years.

Governor Blunt wants to use 300 million dollars of MOHELA money towards science and technology research projects.

From the state capitol, I'm Jade Mingus.

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More money for university improvements could come at the expense of students.

Jade Mingus has more from Jefferson City.

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Governor Blunt stopped at three Missouri universities to gain support for his plan to get rid of Missouri's Higher Education Loan Authority also known as MOHELA.

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Contents: The key component to our program to allocate those new resources would be significant capital improvements at institutions all across the state.

But Democratic Senator Chuck Graham of Columbia says students could be the ones bearing those costs

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Contents: I don't want it to be funded on the backs of students who have to pay higher interest rates on loans that will affect them for the next 15 or 20 years.

Governor Blunt says the MOHELA program is worth about 400 million dollars.

From the state capitol, I'm Jade Mingus.