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Friday, August 1, 2008


The Missouri Higher Education Loan Authority has again missed a scheduled payment to the state that was required by a 2007 law championed by Gov. Matt Blunt that diverts some of the agency’s assets to the state to pay for capital improvement projects at public colleges and universities. MOHELA’s board of directors cited the continuing financial difficulties the agency has experienced since being forced to shift some of its assets to the state starting last fall

MOHELA was due to make a $5 million quarterly payment by the end of June. The board did agree to pay $850,000 to satisfy the remainder of its skipped March payment.

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