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Contact:
Ray Perez
TG
(512) 219-4990
(800) 252-9743, ext. 4990
ray.perez@tgslc.org
September 19, 2007
Round Rock, TX — TG has awarded more than $5.2 million in grants to 42 institutions and non-profit organizations to advance access to college, student retention and educational research. This is the third consecutive year that TG will award the competitive grants through its Public Benefit Grant Program, the company's philanthropic initiative.
In reviewing grant proposals, TG required each non-profit organization to use grant funding to improve access to, or participation in, postsecondary education, college retention, and student access. The grant funding also should be used to help, either directly or indirectly, students from low- to moderate-income families. Priority also was given to proposals that addressed the needs of first-generation college students, students from high schools with low college-going rates, and/or students who are under-represented in higher education.
TG's grant funds will help this year's award recipients with efforts in financial aid with need-based grants to students; student mentoring and internships; pre-college outreach to students and families; academic support and instruction; student retention; student transfer guidance and support; and education research. Last year, TG awarded $3.8 million in grants to 28 institutions and nonprofit organizations.
"There is a great need to create better access to college, and to help students overcome obstacles to stay in school," said Sue McMillin, TG president and CEO. "We are proud that through TG's Public Benefit Grant Program, we can support these organizations in providing services and exploring new avenues to help students and families realize their higher educational goals."
The TG Public Benefit Grant recipients for 2007-2008 include:
TG's Public Benefit Grant Program is administered based solely on merit and needs, and without regard to the business of TG or any form of quid pro quo consideration.
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About TG: 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/.