A former board member of Missouri’s student-loan authority has abandoned his push to let voters decide whether the state should sell part of the nonprofit agency’s assets to pay for campus construction and college scholarships, according to the Associated Press.
The General Assembly recently approved the sale, which would free $350-million of the Missouri Higher Education Loan Authority’s assets for campus projects. But Allan Purdy, the former board member, filed a petition seeking to let voters have a say in the matter.
Mr. Purdy told the AP today that he had withdrawn his petition late last week because it was unlikely to make it onto the ballot. He said he still opposed the plan, which was first proposed by Gov. Matt Blunt more than a year ago. —Charles Huckabee
