MOHELA money to go toward Access Missouri scholarships
Wednesday, July 21, 2010 | 5:43 p.m. CDT
BY
The Associated Press
JEFFERSON CITY — Missouri's college loan authority plans to give $30 million to the state to be distributed to students eligible for Access Missouri scholarships.
The Missouri Higher Education Loan Authority pledged in June to devote $30 million for scholarships, but details on how the money would be distributed had not been worked out.
The loan agency said Wednesday it has agreed to transfer the money to the Missouri Department of Higher Education for use in Access Missouri. The program is Missouri's main financial-needs based scholarship.
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The money from MOHELA will offset part of a $50 million budget cut to the program announced last month by Gov. Jay Nixon.
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