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Missouri student loan agency to sell half of assets

By AP/KWMU

Jefferson City, Mo. – The board of Missouri's college loan authority voted Tuesday to sell off some of its loans.

The plan would generate $450 million for the state.

It serves as an alternative to a plan Governor Blunt outlined last week that would have auctioned off the entire agency.

The revised plan is projected to generate $25 million more than Blunt's original $425 million proposal. But the money would flow to the state in a series of payments over upcoming years.

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