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None.
The Texas Guaranteed Student Loan Corporation (TG) was created in 1979 (House Bill 38, 66th Texas Legislature, Regular Session) as a public, nonprofit corporation to administer the Guaranteed Student Loan Program (later known as the Federal Family Education Loan Program). Although created by the Texas Legislature and subject to legislative oversight, TG is not a state agency and receives no state funds.
In the words of the TG website,
The Corporation is governed by an 11-member Board of Directors. Originally (1979-1989), this consisted of eight appointed by the Governor of Texas with the advice and consent of the senate (three members of the faculty or administration of eligible institutions of higher education, three working in commercial finance, and two members of the general public without a major financial interest in either higher education or commercial finance); one member of the Texas Higher Education Coordinating Board appointed by the chair of that board; one post-secondary student named by the Texas Commissioner of Higher Education; and the Texas Comptroller of Public Accounts as an ex-officio member.
In 1989 (House Bill 715, 71st Texas Legislature, Regular Session) the board was reorganized to consist of 10 members: nine governor appointees (five from the finance industry, three higher education faculty or administators, and one full-time student), plus the comptroller. In 2003 (Senate Bill 287, 78th Texas Legislature, Regular Session) the number of finance industry representatives was reduced to four, for a total of nine members. And in 2005 (House Bill 2274, 79th Texas Legislature, Regular Session) the number of finance industry representatives was raised again to five, and the number of faculty/administator members raised to four, for a total of 11 once again. Appointed members serve six-year terms.
(Sources include:
The Texas Guaranteed Student Loan Corporation administers the Guaranteed Student Loan Program (later known as the Federal Family Education Loan Program) by guaranteeing repayment of student loans to private lenders in the event a borrower dies, becomes permanently and totally disabled, has a loan discharged in bankruptcy, or defaults; and by checking student loan applications for eligibility, monitoring loan status, paying claims to lenders if necessary, conducting compliance reviews of schools participating in the program, and sharing information about the program with students and schools. These functions are documented in the records. These records include minutes, supporting documentation (quarterly reports, correspondence, memoranda, budgets, investment schedules, committee reports, policies, press releases, printed materials, etc.), brochures, memoranda, conference programs, an organization chart, and a telephone directory. They comprise records of the Texas Guaranteed Student Loan Corporation, especially minutes and supporting documentation, but also other records, dating 1980-1999.
To prepare this inventory, the described materials were cursorily reviewed to delineate series, to confirm the accuracy of contents lists, to provide an estimate of dates covered, and to determine record types.
These records have been arranged by State Archives staff by type of record. Minutes come first, arranged chronologically (except for the first bound volume, which is in reverse chronological order). Other records are next, each type of record within that group arranged chronologically.
(Identify the item and cite the series), Texas Guaranteed Student Loan Corporation records. Archives and Information Services Division, Texas State Library and Archives Commission.
Tony Black, December 2006
Accession numbers: 1998/137, 2004/219, 2006/189
These records were transferred to the Archives and Information Services Division of the Texas State Library and Archives Commission by the Texas Legislative Reference Library on on May 29, 1998; August 18, 2004; and January 26, 2006.
The record copies of minutes are maintained by the Texas Guaranteed Student Loan Corporation.