81R34107 BPG-F
By: Alonzo H.C.R. No. 263
CONCURRENT RESOLUTION
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 81st Legislature of the State of Texas
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 Texas secretary of state forward an
official copy of this resolution to the president and chief
executive officer of the Texas Guaranteed Student Loan Corporation.