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MOHELA funds transferred to state of Missouri

By Marshall Griffin, KWMU

9/14/07 – The Missouri Higher Education Loan Authority has transferred $230 million to the state to fund new construction on college campuses.

The money transfer marks the first installment in a $350 million plan to build new classrooms, labs, and other facilities on several state university campuses.

A group of students tried to block the transfer earlier this week, but a Cole County judge refused to issue a temporary restraining order. Their lawsuit against the state is still active.

Jessica Robinson, the governor's press secretary, says the first 230 million will be distributed gradually over the next few years.

"The universities and colleges are all at very different stages in their development. Some actually already have construction under way, so those universities and campuses will actually receive a payment as early as October 15th," Robinson said.

The plan met with strong opposition during this year's legislative session. House and Senate Democrats said the money should've been used to pay for more loans for students.

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