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Thursday, February 15, 2007
A consulting firm hired by the Missouri Higher Loan Authority to evaluate the governor’s proposed sale of agency assets to fund campus construction projects now says its earlier conclusion that the deal wouldn’t harm MOHELA’s financial viability “may no longer be valid.” In an e-mail to MOHELA officials dated Feb. 13, Seamus O’Neill of Liscarnan Solutions urged the agency to “not to take any further financial actions related to” the proposed sale at this time. Supporters of the sale used last year’s Liscarnan report to attempt to refute claims that the sale would threaten MOHELA’s ability to continue providing low-cost student loans. The original report, however, was widely panned by sale critics, who said it didn’t address many important questions related to the proposed sale.