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Higher Education Loan Authority of the State of Missouri Announces Commencement of Tender Offer With Respect to Certain of Its Student Loan Auction Rate Bonds

The Higher Education Loan Authority of the State of Missouri (the "Authority") today announced that it has commenced an offer (the "Offer") to purchase for aggregate cash consideration up to $125,000,000 (or such greater or lesser amounts as may be available therefor), upon the terms and subject to the conditions set forth in the Offer to Purchase dated March 16, 2012