Round Rock, TX - TG, a student loan guaranty agency, is working to help borrowers understand the Department of Education’s newest repayment option, Income-Based Repayment (IBR), an alternative student loan repayment plan in the Federal Family Education Loan Program. IBR establishes a monthly payment that takes a borrower’s unique situation into account by considering income, family size, and federal student loan debt.

To help communicate the financial value of IBR to student-loan borrowers, TG is hosting a Web-based press conference on Tuesday, June 23. TG invites you to participate in the press conference, which will highlight IBR benefits for those borrowers who may be experiencing financial hardship, information on the application process, and what borrowers should consider when deciding the repayment options that best fit their needs.

A short 15-minute presentation will begin the press conference, followed by a question/answer opportunity for those wanting additional information.

WHAT: TG presents "Positioning borrowers for success"

WHEN: Tuesday, June 23, 10:00-11:00 a.m. (CST)

CONTACT: Kristina Tirloni (800) 252-9743, ext. 4990 kristina.tirloni@tgslc.org

If you would like to participate, contact Kristina Tirloni by 2:00 p.m., Monday, June 22. Participants will receive instructions on how to join the online press conference via e-mail.

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.

Posted 06/22/09 to www.NASFAA.org. Posting of press releases is done as a service to Members and does not imply endorsement or support by NASFAA. NASFAA does not review this information for content or accuracy.