House Democratic Leader Jeff Harris sent a letter to the governor Monday, retracting his support for the partial sale of the state loan authority's assets.
The letter came after the loan agency's consulting group warned last week that the sale of assets might affect MOHELA's ability to issue affordable student loans.
Harris said this is what opponents to the sale have argued since the plan's inception.
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Description: "When his expert witness is now basically agreeing with the other side, I think it's time to shift gears and go back to the drawing board and get a new plan." |
In his letter, Harris recommended that the state surplus, rather than the money acquired from the sold assets, be used to fund college building projects.
From Jefferson City, I'm Rachel Higginbotham.
House Democratic leader Jeff Harris had been a strong supporter of the plan to sell state loan authority assets. But after the loan agency's consulting group warned against the sale last week, he's changed his mind.
Harris sent a letter to the governor Monday, retracting his support of the sale.
But Senator Gary Nodler, the sponsor of the bill that would make the sale reality, said he won't change the conditions of the sale based on Harris' letter alone.
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Description: "I don't think we'll make changes based on that, no. But will there be changes made? Probably. The legislative process will work and the legislation will evolve, and I'm hopeful that we'll put together a package that will pass." |
Representatives from the governor's office could not be reached for comment.
From Jefferson City, I'm Rachel Higginbotham.