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CONCURRENT RESOLUTION
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WHEREAS, In 1979, the 66th Texas Legislature established the |
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Texas Guaranteed Student Loan Corporation (TG) as a public, |
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nonprofit corporation to "(1) administer a guaranteed student loan |
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program to assist qualified Texas students in receiving a |
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postsecondary education in this state or elsewhere in the nation; |
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and (2) provide necessary and desirable services related to the |
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loan program, including cooperative awareness efforts with |
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appropriate educational and civic associations designed to |
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disseminate postsecondary education awareness information, |
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including information regarding student financial aid and the |
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Federal Family Education Loan Program, and other relevant topics |
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including the prevention of student loan default"; and |
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WHEREAS, The Federal Family Education Loan Program is the |
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largest source of student financial aid in Texas, accounting for |
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approximately two-thirds of the direct student financial aid |
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awarded to Texas higher education students; in addition to |
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successfully administering the largest student financial aid |
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program in the state, TG provides a variety of necessary and |
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desirable student, family, and school-related services that |
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support access to postsecondary education at no cost to the state |
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and that are fully exportable to other federal postsecondary |
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educational loan programs; and |
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WHEREAS, The Texas Guaranteed Student Loan Corporation |
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merits continued support, given the ongoing need for the range of |
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services provided to students, schools, and families considering or |
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receiving financial aid under federal programs; now, therefore, be |
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it |
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RESOLVED, That the 81st Legislature of the State of Texas |
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hereby recognize the vital importance of continuing support for the |
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Texas Guaranteed Student Loan Corporation and its mission and |
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direct TG to seek out opportunities to maintain an ongoing role in |
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administering the Federal Family Education Loan Program or other |
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federal student loan programs; and, be it further |
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RESOLVED, That the Texas secretary of state forward an |
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official copy of this resolution to the president and chief |
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executive officer of the Texas Guaranteed Student Loan Corporation. |