This article at the St. Louis Business Journal explains that the Governor of Missouri has suspended building projects worth $107 million dollars.
He said that projects had to be suspended because the state student loan agency, the Missouri Higher Education Loan Authority, hasn’t been able to continue with payments to the state for college construction projects under a controversial plan created by his predecessor, Gov. Matt Blunt.With the loans drying up to students, colleges will be forced to tighten their belts. If only colleges and universities would go all out and begin to compete on a low cost basis, and reverse the thirty years of 10%+ increases a year.
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