School Advisory Committee Charter and Bylaws

I. Authority and Purpose

The School Advisory Committee is authorized by Section 57.461 of the Texas Education Code. The purpose of the School Advisory Committee is to represent the Postsecondary Education Institutions in advising the Texas Guaranteed Student Loan Corporation (TGSLC) on industry issues.

II. Scope

The School Advisory Committee shall consider issues relating to:

1. Changes in corporate policies and procedures that impact the products and services of TGSLC and its customers;
2. Trends and conditions that affect TGSLC within the marketplace;
3. Laws and regulations that affect TGSLC within the Federal Family Education Loan Program or other related student aid programs and issues as appropriate.

III. Structure, Appointment, and Removal

1. Nominations for School Advisory Committee membership will be received from several sources: The Texas Association of Student Financial Aid Administrators (TASFAA), the student aid community at large, and TGSLC. The Committee shall consist of fifteen, (15), members who represent the postsecondary institutions that participate in TGSLC's student loan program;
2. School Advisory Committee members are appointed to a two-year term by the TGSLC Board of Directors at the recommendation of the TGSLC President and CEO. School Advisory Committee members may be re-appointed to an unlimited number of subsequent terms. School Advisory Committee members may be removed by the TGSLC Board of Directors either by recommendation of the Lender/School Advisory Committees to the TGSLC President and CEO or by direct recommendation to the TGSLC Board of Directors by the TGSLC President and CEO. Consultation with the Lender/School Advisory Committees is recommended before the TGSLC President and CEO recommends removal.
3. School Advisory Committee members shall attend at least fifty percent of meetings scheduled during TGSLC's fiscal year unless the absence is excused by a majority vote of the Committee. School Advisory Committee members will also become ineligible to serve if at anytime during their appointed term they resign or otherwise leave student financial aid related employment or if they leave employment of an eligible postsecondary education institution.
4. The Committee shall elect a Chairperson from within the School Advisory Committee membership that will be serving the second year of his or her appointed term. The Chairperson shall serve for a one year term and is responsible for the conduct of the School Advisory Committee business;
5. Appointment to the School Advisory Committee is by individual rather than organization. No proxies are permitted.

IV. Responsibilities

The responsibilities of the School Advisory Committee are to:

1. Seek input from other members of the student financial aid community who are not represented on the School Advisory Committee;
2. Discuss and make recommendations, when appropriate, or when requested by the TGSLC Board of Directors on issues that will come before the TGSLC Board of Directors so that the TGSLC Board of Directors will be aware of the opinion of the School Advisory Committee before acting on a particular issue;
3. Present a written report to the TGSLC Board of Directors at the TGSLC Board of Director's annual Board meeting summarizing the School Advisory Committee's activities during the past year;
4. Take every appropriate action to thoroughly consider each issue presented and document clearly the School Advisory Committee's recommendation.
5. Provide input, as appropriate, into TGSLC's planning process.

Approved 9/99

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