MOHELA audit reveals ‘excessive’ spending

Thursday, October 11, 2007 | 10:13 p.m. CDT; updated 4:11 p.m. CDT, Tuesday, July 22, 2008

JEFFERSON CITY — Twelve weeks of vacation and personal days, four severance packages totaling $2.3 million and $1,500 in individual Christmas bonuses were three of the “excessive costs” discovered in an audit of the Missouri Higher Education Loan Authority, an agency that provides low-interest loans to students.

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