A major student-loan company owes debt of its own — but it’s continuing to collect millions of borrowers’ monthly bills. A Democratic lawmaker says it’s time for it to pay up.
by FUSeekMe69
A major student-loan company owes debt of its own — but it’s continuing to collect millions of borrowers’ monthly bills. A Democratic lawmaker says it’s time for it to pay up.
by FUSeekMe69
2 comments
TL;DR:
* Rep. Cori Bush sent a letter to Missouri’s attorney general regarding student-loan company MOHELA.
* She asked what the state’s plan is to ensure MOHELA pays its debt to the Lewis and Clark Discovery fund.
* The fund was created in 2007 to fund higher ed projects, but MOHELA has repeatedly delayed payments.
There’s a paywall so I can’t read the article.
But, it’s normal for most businesses to run on debt, at least in part. It doesn’t mean that these aren’t paying their bills.
Almost all businesses have debt