advertisement

UPDATE: Missouri loan agency offers help to fund college scholarships

Friday, June 10, 2011 | 3:43 p.m. CDT; updated 5:08 p.m. CDT, Tuesday, June 14, 2011

CHESTERFIELD — Missouri's student loan authority has agreed to provide $30 million for college scholarships for the second straight year.

The board of the Missouri Higher Education Loan Authority approved the money transfer Friday during a meeting at its Chesterfield headquarters. The agency, which services loans to students from across the country, set aside the $30 million earlier this year with the expectation that the state would need it.

The 2012 budget, signed into law Friday by Gov. Jay Nixon, banked on MOHELA making the money transfer.

The loan authority also provided $30 million last year to help offset a portion of the funding cuts to the Access Missouri program, which is the state's main financial-need-based scholarship.

 


Like what you see here? Become a member.


Show Me the Errors (What's this?)

Report corrections or additions here. Leave comments below here.

You must be logged in to participate in the Show Me the Errors contest.


Comments

Leave a comment

Speak up and join the conversation! Make sure to follow the guidelines outlined below and register with our site. You must be logged in to comment. (Our full comment policy is here.)

  • Don't use obscene, profane or vulgar language.
  • Don't use language that makes personal attacks on fellow commenters or discriminates based on race, religion, gender or ethnicity.
  • Use your real first and last name when registering on the website. It will be published with every comment. (Read why we ask for that here.)
  • Don’t solicit or promote businesses.

We are not able to monitor every comment that comes through. If you see something objectionable, please click the "Report comment" link.

You must be logged in to comment.

Forget your password?

Don't have an account? Register here.

advertisements