| 1 | 1 | | 81R38247 CBE-F |
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| 2 | 2 | | By: Alonzo H.R. No. 2894 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | R E S O L U T I O N |
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| 6 | 6 | | WHEREAS, In 1979, the 66th Texas Legislature established the |
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| 7 | 7 | | Texas Guaranteed Student Loan Corporation (TG) as a public, |
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| 8 | 8 | | nonprofit corporation to "(1) administer a guaranteed student loan |
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| 9 | 9 | | program to assist qualified Texas students in receiving a |
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| 10 | 10 | | postsecondary education in this state or elsewhere in the nation; |
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| 11 | 11 | | and (2) provide necessary and desirable services related to the |
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| 12 | 12 | | loan program, including cooperative awareness efforts with |
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| 13 | 13 | | appropriate educational and civic associations designed to |
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| 14 | 14 | | disseminate postsecondary education awareness information, |
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| 15 | 15 | | including information regarding student financial aid and the |
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| 16 | 16 | | Federal Family Education Loan Program, and other relevant topics |
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| 17 | 17 | | including the prevention of student loan default"; and |
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| 18 | 18 | | WHEREAS, The Federal Family Education Loan Program is the |
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| 19 | 19 | | largest source of student financial aid in Texas, accounting for |
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| 20 | 20 | | approximately two-thirds of the direct student financial aid |
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| 21 | 21 | | awarded to Texas higher education students; in addition to |
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| 22 | 22 | | successfully administering the largest student financial aid |
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| 23 | 23 | | program in the state, TG provides a variety of necessary and |
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| 24 | 24 | | desirable student, family, and school-related services that |
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| 25 | 25 | | support access to postsecondary education at no cost to the state |
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| 26 | 26 | | and that are fully exportable to other federal postsecondary |
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| 27 | 27 | | educational loan programs; and |
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| 28 | 28 | | WHEREAS, The Texas Guaranteed Student Loan Corporation |
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| 29 | 29 | | merits continued support, given the ongoing need for the range of |
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| 30 | 30 | | services provided to students, schools, and families considering or |
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| 31 | 31 | | receiving financial aid under federal programs; now, therefore, be |
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| 32 | 32 | | it |
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| 33 | 33 | | RESOLVED, That the House of Representatives of the 81st Texas |
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| 34 | 34 | | Legislature hereby recognize the vital importance of continuing |
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| 35 | 35 | | support for the Texas Guaranteed Student Loan Corporation and its |
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| 36 | 36 | | mission and direct TG to seek out opportunities to maintain an |
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| 37 | 37 | | ongoing role in administering the Federal Family Education Loan |
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| 38 | 38 | | Program or other federal student loan programs; and, be it further |
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| 39 | 39 | | RESOLVED, That the chief clerk forward an official copy of |
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| 40 | 40 | | this resolution to the president and chief executive officer of the |
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| 41 | 41 | | Texas Guaranteed Student Loan Corporation. |
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