Regret the Error

Due to mistakes introduced during editing, a front page story Wednesday
about the Missouri Higher Education Loan Authority had several errors
in some editions. MOHELA’s loan consolidation business soared as
interest rates started rising; MOHELA says it cannot afford to waive 2
percent loan origination fees for a variety of reasons, including an
anticipated decline in its loan consolidation business; federal law
caps MOHELA’s maximum profit on a loan to a 2 percentage point
difference between the interest rate it must pay to sell bonds, and the
rates it imposes on student loans; and MOHELA profits are used in a
variety of ways, including building its loan business and or forgiving
loans. Link