MOHELA chair resigns; cites differences with Blunt
Jefferson City, Mo. – The chairwoman of the state's student loan authority has resigned.
Karen Luebbert said Wednesday she doesn't agree with the plan to sell some assets of the Missouri Higher Education Authority to finance Governor Matt Blunt's proposed college construction boom.
Luebbert was one of two dissenting votes last month when the board endorsed a plan that would direct $350 million in MOHELA money to public colleges and universities over six years.
In a statement Luebbert said she could not support selling MOHELA assets and believes it's in the authority's "best interest" for her to step down.
At the September meeting, Luebbert said there's a need for campus buildings. But she says rising tuition costs are making it more difficult for Missourians to attend college, meaning the need for students loans has increased.