May 4, 2005

TG co-sponsors chat event on student loan consolidation

Round Rock, Texas — New interest rates on student loans will take effect July 1, and they're likely to be higher. For those who have taken out multiple federal education loans, such as Stafford or PLUS loans, there's still time to consider consolidating those loans to lock in the current, low rates. To help borrowers weigh the pros and cons of consolidation, Mapping Your Future, a public service Web site co-sponsored by TG and other student loan guarantors, is offering an online chat event.

The chat, scheduled for 6 p.m. (CDT) on May 10, is designed to help student loan borrowers learn more about the advantages and disadvantages of loan consolidation. The live event provides a unique opportunity to receive answers to loan consolidation and financial aid questions from financial aid and career experts from across the country. Specific topics will include

• How to determine if loan consolidation is a good option
• Eligibility requirements
• Steps to apply for loan consolidation
• Other resources of information

Anyone with Internet access can join in the chat event by visiting http://mapping-your-future.org. On May 10, visitors can go to the site and select "Chat Session." Simple instructions will guide them on how to join the chat.

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TG is a public, nonprofit corporation that helps create access to higher education for millions of families and students through its role as an administrator of the Federal Family Education Loan Program (FFELP). Its vision is to be the premier source of information, financing, and assistance to help all families and students realize their educational and career dreams. Additional information about TG can be found online at www.tgslc.org. This press release can be downloaded from www.tgslc.org/newsroom/.

Mapping Your Future is a public service web site sponsored guaranty agencies that participate in the Federal Family Loan Program (FFELP). It provides college, career, and financial aid information and services.

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Contact:
Kristin Boyer
TG
(512) 219-4990
(800) 252-9743, ext. 4990
kristin.boyer@tgslc.org