Missouri Higher Education Loan Authority
633 Spirit Dr.
Chesterfield, MO 63005
Phone: (636) 532-0600
Phone: (888) 866-4352
Fax: (636) 787-2788
Email: rayb@mohela.com
Website: http://www.mohela.com
Details on Board or Commission
Authority: RSMo 173.360
Department: Higher Education
Mission:
The Missouri Higher Education Loan Authority's mission is to eliminate barriers for students so they can access higher education.
Function:
The Missouri Higher Education Loan Authority's Board of Directors establishes organizational ends (desired outcomes), determines moral owners (beneficiaries), creates governing policies, including executive limitations, and monitors compliance with same. The Board also approves bond issues and appoints the Executive Director.
Subcommittees: Compensation Committee & Audit Committee
Details on Meetings
Number of meetings: 4-6 meetings
Location of meetings: Chesterfield; varying locations
Duration of meetings: 2-8 hours
Preparation time for meetings: 1 to 2 hours
Total time commitment: 2-4 hours
Details on Members
Total members: 7
Appointed members: 5
Term length: 5 years; members are eligible for re-appointment
Compensation: Members receive reimbursement for realized and necessary expenses.
Member Requirements: 2 members must represent higher education (1 public, 1 private); 2 must represent financial institutions; 1 must represent the general public; 1 must be the Commissioner of Higher Education; and 1 must be a member of the Coordinating Board for Higher Education
Political Requirements: no
Geographic Requirements: no
Senate Consent Required: Yes