By AP/KWMU
Jefferson City, Mo. – Independent financial analysts have OK'd a plan to sell $350 million in Missouri student loan assets.
Governor Matt Blunt wants to use funds from the Missouri Higher Education Loan Authority for college construction projects.
The MOHELA board endorsed the plan in September. Thursday, MOHELA released a report saying the agency is financially capable of following through on the deal.
It was done at MOHELA's request by Liscarnan Solutions, a consulting firm with offices in the Washington, D.C. area.
Analysts say the payments should not affect MOHELA's credit rating nor its ability to continue offering discounts and loan-forgiveness programs.