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Governor Blunt proposes sale of student loan agency

January 26, 2006
By: Hillari Duthoo
State Capital Bureau

Governor Matt Blunt traveled the state Thursday, promoting his latest move for the betterment of Missouri higher education.

Hillari Duthoo (Doo-thoh) has more from the Capitol.

The Governor proposes to take MOHELA, the state run student loan agency out of government hands and sell it to a private business.

His major selling point? Four-hundred twenty-five million dollars that would fund building projects at universities state-wide.

But both Republican and Democratic legislators voiced concerns about selling the agency to a for-profit, including Senate Democratic leader Maida (Made-uh) Coleman from St. Louis City.

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"But my immediate concern about it would be any sale to a for-profit corporation because their concern and interests won't be for the people who need the loans, it's going to be for their bottom line, for their pocketbook."

On the other side of the isle, the Senate's Republican leader, Charles Shields, praised the Governor for taking the opportunity to better the economy through higher education.

From Jefferson City, I'm Hillari Duthoo.