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MARYVILLE, MO (2011-01-14) Our region's colleges are reacting with pleasure at the governor's announcement the state is releasing millions of dollars in scholarship money for students in Missouri.
The state's college loan authority has set aside about 30 million dollars for the "Access Missouri" scholarship program which is paying money to about 46,000 Missouri students this Spring semester. Ray Bayer is the executive director of the Missouri Higher Education Loan authority and says the money will impact a wide swath of low income students. State and local education officials are targeting higher education as a possible solution to lower Missouri's unemployment rate. Unemployment in the state is about twice as high for people without bachelor's degrees.
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