Missouri's student loan sales sparks fear in borrowers
By Frank Morris
Kansas City, MO – When Missouri's governor proposed selling the state's student loan operation and using the $400 million in proceeds to fund a campus building boom, the plan was roundly panned and replaced by one in which the student loan agency just pays the government about $400 million, and sells whatever assets necessary to do it.
The governor sees the sale as a chance to build a lot of biomedical research buildings basically for free. Student groups say the demise or weakening of the state student loan system would make student loans more expensive.
Frank Morris prepared this report for NPRs All Things Considered. To hear the report, click here.