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