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General Information:
(800) 537-4180

Media Contact:
Kristina Tirloni
TG
(512) 219-4990
(800) 252-9743, ext. 4990
kristina.tirloni@tgslc.org

April 1, 2009

TG designates $2 million to its signature Charley Wootan Grant Program for school year 2009-2010

Round Rock, TX — TG has allocated $2 million to the Charley Wootan Grant Program. Of these funds, $1 million will be distributed to Texas students, and another $1 million will be distributed to students in other states, the District of Columbia, or U.S. territories to help pay for their college education. Applications for grant consideration will be available beginning April 2, 2009.

The first-come, first-served, need-based grant program will provide up to $4,245 per successful applicant for the 2009-2010 academic year. Since 2000, TG has awarded nearly $7.8 million through the program, named in honor of the late Dr. Charley V. Wootan, a former chairman of TG's board of directors.

"The Charley Wootan Grant Program has made a significant difference to students in Texas and around the nation," said Sue McMillin, TG's President and CEO. "Through this program, TG is able to help individuals get closer to attaining their higher education dreams.

"This action helps build a foundation for students in order for them to succeed and contribute to our economic future," she added.

For the 2009-2010 academic year, TG will offer grants ranging from $1,000 to $4,245 to qualified undergraduate students. Amounts awarded will be based upon a student's unmet financial need. To become eligible, students must complete the Free Application for Federal Student Aid (FAFSA) and meet other eligibility requirements.

Grants will be awarded for one year only, but recipients may reapply in subsequent years. The grant program is open to students who:

  • Are high school seniors or graduates who plan to enroll, or are students already enrolled, at least half-time, in an undergraduate course of study for the fall 2009 at a Title IV, two- or four-year college or university, or vocational-technical school.
  • Demonstrate financial need.
  • Are eligible to receive Title IV federal financial aid funding.

For the 2008-09 school year, more than 650 students received grants from the program. In all, grants were awarded to students in 46 states. Additional information on last year's typical grant recipient includes the following:

  • Typical grant beneficiary was female.
  • He/She was a first-generation student.
  • The average grant award was $3,350, and
  • Adult learners (24 years old or older) made up 15 percent of awardees.

The Charley Wootan Grant Program is independently managed by Scholarship Management Services, a program of Scholarship America, the nation's largest non-profit, private-sector scholarship and educational support organization. Information can be obtained by calling (800) 537-4180, and asking for the TG Charley Wootan Grant Program manager, or visiting www.aie.org.

There is no correlation or connection between TG's selection of recipients for grant awards and an institution's or individual's business relationship or potential business relationship with TG. Participation in TG's Charley Wootan Grant Program does not require or impose any quid pro quo condition.

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TG — The Guarantor of Choice℠ 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.

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