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June 15, 2009

TG awards $6.2 million in competitive grants to advance college access and student retention

Round Rock, TX — TG has awarded more than $6.2 million in competitive grants to 55 institutions and nonprofit organizations to advance access to college, student retention, and educational research. This is the fifth consecutive year that TG awarded the competitive grants through its Public Benefit Grant Program, the company's philanthropic initiative.

"These grants reflect our continued commitment to support programs that improve access to higher education particularly for low-income students," said Sue McMillin, TG president and CEO. "By helping these programs to succeed, we believe we are making a difference that not only impacts the students served, but also our communities, region and country as a whole."

In awarding grant proposals, TG required recipients to use the funding to improve access to, or participation in, postsecondary education, and college retention. Grant funding was particularly targeted 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, and/or students who are underrepresented in higher education.

TG's grant funds will help award recipients 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 $5.6 million in grants to 49 institutions and nonprofit organizations. These grants are in addition to $2 million in annual direct grant aid for students that TG provides through the Charley Wootan Grant Program.

TG's Public Benefit Grant Program is administered based solely on merit and need, and without regard to the business of TG or any form of quid pro quo consideration.

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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.

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