State auditor calls MOHELA spending ‘excessive’

Thursday, October 11, 2007 | 1:32 p.m. CDT; updated 9:52 p.m. CDT, Monday, July 21, 2008

JEFFERSON CITY — State Auditor Susan Montee said a recent audit of the Missouri Higher Education Loan Authority shows that the agency misused public funds. Montee described spending for severance benefits, bonuses, vacation time and holiday parties as “excessive.”