News Releases 2009

Lindy Hall Named to State Student Loan Lending Committee


Mon, Nov 23 2009

Lindy Hall, Senior Director of Enrollment Services at LeTourneau University, has received a two-year appointment to the Texas Guaranteed Student Loan Corporation (TG) on the Lender/School Advisory (LSA) Committee.

The LSA committee is composed of 15 school members and 11 lender members that work together to improve the lending process for student loans, both for the schools and for the lenders. LSA committee members offer input to TG; recommend ideas for technology and policy implications and; discuss issues and activities that help support the needs of TG’s school, lender, servicer, and secondary market associates. Hall served on this committee once before from 2001 to 2003.

TG was created by the Texas Legislature in 1979 and is subject to legislative oversight although the corporation is not a state agency and receives no state funds. TG is a public, nonprofit corporation that administers the Federal Family Education Loan Program (FFELP) and guarantees repayment of student loans to private lenders in the event a borrower dies, becomes permanently disabled, has a loan discharged in bankruptcy, or defaults. LSA members meet to help improve the loan process for FFELP. TG also reviews student loan applications for eligibility, monitors loan status, pays claims to lenders if necessary, and conducts compliance reviews of schools participating in the program. In addition, the corporation shares information about the program with students and schools to help make financial access to postsecondary education available to all qualified students.

 


 

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