| January 5, 2006
TG enables schools to deliver financial aid awards online
Round Rock, Texas — TG is now offering TG Awards By Web™ to school customers. TG Awards By Web is an online financial aid award notification system that helps financial aid professionals operate more efficiently and provide students with more convenient access to their financial aid information.
TG Awards By Web allows schools to notify students electronically as soon as their financial aid package is ready. Students then go online to view the scholarships, grants, work study, and loan amounts for which they are eligible and accept or decline them
Currently the Awards By Web application is in production with three initial pilot schools; Texas Tech University, Sam Houston State University and University of Houston-Victoria.
“TG Awards By Web has been well received by our students,” said Carolyn Mallory, financial aid director at University of Houston-Victoria, and one of TG’s customers involved in early testing of the product. “Students are able to accept their awards within 24 hours of being awarded. The students are actually more inquisitive about financial aid and want to learn more about their financial status now, instead of asking, ‘Where do I sign my award letter?’”
TG Awards By Web can be customized to include descriptions of an institution’s awards and links to its Web site, financial aid policies, and other information of interest to students.
TG Awards By Web can save time and money for financial aid offices as well. The product eliminates the need for multiple types of student mailings, significantly lowering postage, paper, and printing costs, and saving valuable hours of staff time formerly spent on preparing the mailings.
To create a seamless student loan process from award through application, guarantee, and disbursement, TG Awards By Web is a perfect complement to TG Loans By Web™.
TG Awards By Web, which was adapted from the online awards system developed by OvertureSM Technologies, is a stand-alone solution that enables financial aid offices to eliminate the need for multiple systems (Web sites, paperwork, forms, databases, and mailings) to provide a consolidated award processing application.
“TG is always looking for new ways to simplify financial aid for everyone involved, especially students and institutions of higher education,” said Kim Alexander, TG vice president for customer focus. “We are pleased to partner with our customers to help them meet the increasing demand for 24/7 Web-based services for their students. And we are thrilled that Awards By Web will reduce paperwork, mailing costs, and administrative time for our customers and their financial aid offices.”
TG Awards By Web is offered at no cost to institutions, students, or families. For more information on any of TG’s solutions or tools, visit www.tgslc.org, or call (800) 252-9743.
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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/.
About Overture: Overture Technologies, founded in 2000, helps colleges and universities use advanced technologies to transform the student financial aid process for students, their families, and school staff. Overture’s solutions fall into four areas: attracting prospective students, processing financial aid applications, working with families to plan the best way to finance an education, and directing families toward loans and payment plans. State of the art technologies that comprise these solutions include English language business rules, XML, and Java/J2EE which reduce costs and work well with existing systems. |
