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 Committee is to represent the Post Secondary Education Institutions in advising TG 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 TG and its customers;
2. Trends and conditions that affect TG within the marketplace;
3. Laws and regulations that affect TG within the Federal Family Educational 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 TG. The Committee shall consist of fifteen (15) members who represent the postsecondary institutions that participate in TG's student loan program.
2. School Advisory Committee nominees, as a prerequisite to membership acceptance, are required to review and evaluate with their administration requirements and agreements their institution may be subject to, including voluntary codes of conduct or ethical policies. If the nominee will need travel reimbursement as a condition of School Advisory committee participation, the nominee must provide written authorization to TG in the form of the TG School-Employed Advisory Committee Member Acknowledgment (Exhibit A). Upon receipt of the signed Acknowledgment, TG is able to reimburse School Advisory Committee members in accordance with TG's Travel Policy, for expenses incurred related to Advisory Committee meetings or related business.
3. Appointment to the School Advisory Committee is on an individual basis rather than by organization. No proxies are permitted.
4. School Advisory Committee members are appointed to a two-year term by the TG Board of Directors at the recommendation of the TG President and CEO. School Advisory Committee members may be re-appointed to an unlimited number of subsequent terms.
5. School Advisory Committee members shall attend at least fifty percent (50%) of meetings scheduled during TG's fiscal year. Substitute attendees do not constitute attendance for the appointed member. A substitute's attendance is for informational purposes only.
6. School Advisory Committee members may be removed by the TG Board of Directors either based on the recommendation of the Lender and School Advisory Committees to the TG President and CEO or based on direct recommendation to the TG Board of Directors by the TG President and CEO. Consultation with the Lender and School Advisory Committees is recommended before the TG President and CEO recommends removal.
7. A Committee member is no longer eligible to serve if, at any time during the member's appointed term, the member resigns from the Committee or leaves post-secondary student financial aid-related employment. If a Committee member leaves one institution participating with TG in its student financial aid program and joins another, the individual's Committee membership will continue for the remainder of the current fiscal year, even if as a result an institution has two representatives serving on the Committee. If the individual's term extends into the next fiscal year, his/her unexpired term will be completed by a new Committee member designated as set forth in Sections III.1 and 2. above.
8. The School Advisory Committee shall elect a Chairperson from within the Committee membership that will serve the second or subsequent year of his or her appointed term. The Chairperson shall serve for a one year term and is responsible for the conduct of School Advisory Committee business.

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 TG Board of Directors, on issues that are requested for committee consideration by the TG Board of Directors;
3. Present an annual written report to the TG Board at a scheduled TG 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 recommendations and opinions.
5. Provide appropriate input into TG's planning process.

Revised 08/27/08

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