Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

MediumBullet The organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0047
2012
Open to Public Inspection
A For the 2012 calendar year, or tax year beginning 10-01-2012 , 2012, and ending 09-30-2013
BCheck if applicable:
CName of organization
TEXAS GUARANTEED STUDENT LOAN CORP
 
Doing Business As
 
 
Number and street (or P.O. box if mail is not delivered to street address)
PO BOX 83100
Suite
Room/suite
City or town, state or country, and ZIP + 4
ROUND ROCK, TX786833100
D Employer identification number

74-2094204
E Telephone number

G Gross receipts $ 165,223,954
F Name and address of principal officer:
SUE C MCMILLIN
PO BOX 83100
ROUND ROCK,TX786833100
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
www.tgslc.org
H(a)
Is this a group return for
affiliates?
H(b)
Are all affiliates included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1979
M State of legal domicile: TX
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: "TO BE THE PREMIER PROVIDER OF INFORMATION, PRODUCTS, AND SERVICES TO HELP STUDENTS AND FAMILIES REALIZE THEIR EDUCATION AND CAREER DREAMS." TG ADMINISTERS THE FEDERAL FAMILY EDUCATION LOAN PROGRAM.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 6
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 6
5 Total number of individuals employed in calendar year 2011 (Part V, line 2a) ...... 5 724
6 Total number of volunteers (estimate if necessary) ............. 6 0
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 19,951
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b 17,056
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 230,031,273 143,412,819
9 Program service revenue (Part VIII, line 2g) ......... 1,926,242 3,080,909
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 22,472,348 18,503,472
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 27,633 188,051
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 254,457,496 165,185,251
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 21,419,662 309,241,574
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 53,507,453 57,466,280
16a Professional fundraising fees (Part IX, column (A), line 11e)..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet0    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 91,012,970 9,297,549
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 165,940,085 376,005,403
19 Revenue less expenses. Subtract line 18 from line 12....... 88,517,411 -210,820,152
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 839,348,071 551,186,743
21 Total liabilities (Part X, line 26)............. 280,986,080 227,040,516
22 Net assets or fund balances. Subtract line 21 from line 20..... 558,361,991 324,146,227
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
 
Preparer's signature
Date
PTIN
Firm's name MediumBullet

Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ............
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2012)
Form 990 (2012)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response to any question in this Part III ...............
1
Briefly describe the organization’s mission: SEE SCHEDULE O, GENERAL STATEMENT 1
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ......................
If “Yes,” describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ............................
If “Yes,” describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 39,557,396 including grants of $   ) (Revenue $ 1,826,008 )
SEE SCHEDULE O, GENERAL STATEMENT 2
4b (Code:   ) (Expenses $ 321,458,163 including grants of $ 309,241,574 ) (Revenue $ 1,254,901 )
SEE SCHEDULE O, GENERAL STATEMENT 2
4c (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet361,015,559
Form 990 (2012)
Form 990 (2012)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If “Yes,” complete Schedule AClick to see attachment........................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? Click to see attachment...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part IClick to see attachment..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If “Yes,” complete Schedule C, Part IIClick to see attachment........
4
Yes
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If “Yes,” complete Schedule C,
Part IIIClick to see attachment............................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete Schedule D, Part IClick to see attachment........................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If “Yes,” complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III Click to see attachment....................
8
 
No
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,” complete Schedule D, Part IVClick to see attachment..............
9
Yes
 
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If “Yes,” complete Schedule D, Part VClick to see attachment......
10
 
No
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If “Yes,” complete Schedule D, Part VI.Click to see attachment...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIIClick to see attachment.......
11b
 
No
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIIIClick to see attachment.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IXClick to see attachment............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,” complete Schedule D, Part XClick to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part XClick to see attachment.........................
11f
 
No
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If “Yes,” complete Schedule D, Parts XI and XII Click to see attachment.................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If “Yes,” and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule E....
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States?.....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If “Yes,” complete Schedule F, Parts I and IV.........
14b
 
No
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the United States? If “Yes,” complete Schedule F, Parts II and IV
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the United States? If “Yes,” complete Schedule F, Parts III and IV...
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part I (see instructions)....
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II............
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If “Yes,” complete Schedule H....
20a
 
No
b
If “Yes” to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
Form 990 (2012)
Form 990 (2012)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants and other assistance to any government or organization in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II... Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........ Click to see attachment
22
 
No
23
Did the organization answer “Yes” to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J....................... Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25................
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
 
d
Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If “Yes,” complete Schedule L, Part I........
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I...................
25b
 
No
26
Was a loan to or by a current or former officer, director, trustee, key employee, highest compensated employee, or disqualified person outstanding as of the end of the organization’s tax year? If “Yes,” complete Schedule L,
Part II..........................
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If “Yes,” complete Schedule L, Part III.........
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If “Yes,” complete Schedule L, Part IV ..........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If “Yes,”
complete Schedule L, Part IV.....................
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If “Yes,” complete Schedule L, Part IV...
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule M..
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M.............
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I........................... Click to see attachment
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II...................... Click to see attachment
32
Yes
 
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........ Click to see attachment
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Part II, III, or IV, and Part V, line 1........................ Click to see attachment
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2... Click to see attachment
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2............. Click to see attachment
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VIClick to see attachment
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2012)
Form 990 (2012)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response to any question in this Part V ...............
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
103
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
724
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No,” provide an explanation in Schedule O.....
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?..........................
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If “Yes,” to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?...
6a
 
No
b
If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
 
No
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
No
d
If “Yes,” indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?............................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?............................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?............
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?..........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?.......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If “Yes,” enter the amount of tax-exempt interest received or accrued during the year. ....................
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..
14b
 
 
Form 990 (2012)
Form 990 (2012)
Page 6
Part VI
Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response to any question in this Part VI ...............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year .....................
1a
6
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent ...................
1b
6
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ...........................
4
Yes
 
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If “Yes,” provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If “Yes,” did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this was done.......................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If “Yes,” did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how), the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization:
MediumBulletMARK J ZARSKY301 SUNDANCE PARKWAYROUND ROCKTX786818004 (512) 219-5700
Form 990 (2012)
Form 990 (2012)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response to any question in this Part VII ...............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(1) IVAN ANDARZA........................................................................
BOARD MEMBER
 2.0
.......................0.0 		X           0 0 0
(2) YVONNE BATTS........................................................................
BOARD MEMBER
 2.0
.......................0.0 		X           0 0 0
(3) FH LANDIS........................................................................
BOARD MEMBER
 2.0
.......................0.0 		X           0 0 0
(4) RICHARD RHODES........................................................................
BOARD MEMBER
 2.0
.......................0.0 		X           0 0 0
(5) MICHAEL SAVOIE........................................................................
BOARD MEMBER TERM ENDED 1/13
 2.0
.......................0.0 		X           0 0 0
(6) CONNIE SITTERLY........................................................................
BOARD MEMBER
 2.0
.......................0.0 		X           0 0 0
(7) DORA ANN VERDE........................................................................
BOARD MEMBER
 2.0
.......................0.0 		X           0 0 0
(8) PHIL WORLEY........................................................................
BOARD MEMBER TERM ENDED 1/13
 2.0
.......................0.0 		X           0 0 0
(9) FERNANADO TREVINO........................................................................
BOARD MEMBER TERM ENDED 5/13
 2.0
.......................0.0 		X           0 0 0
(10) SUE C MCMILLIN........................................................................
PRESIDENT/CEO
 50.0
.......................1.0 		    X       440,163 0 29,103
(11) JAMES PATTERSON........................................................................
SVP/FINANCE & ADMIN.
 42.0
.......................0.0 		    X       273,208 0 34,020
(12) LLOYD DODGE........................................................................
SVP/INFORMATION TECHNOLOGY
 40.0
.......................0.0 		    X       253,480 0 24,813
(13) DEANNE VARNER........................................................................
SVP/GEN.COUN/CHIEF ETHICS
 48.0
.......................0.0 		    X       266,526 0 28,327
(14) KIM M ALEXANDER........................................................................
VP/CUSTOMER RELATIONS
 44.0
.......................0.0 		    X       192,484 0 28,409
(15) JOHN R ZANOT........................................................................
VP/MARKETING & PROD. MGMT
 47.0
.......................0.0 		    X       168,145 0 34,752
(16) RINN D HARPER........................................................................
VP OPERATIONS
 41.0
.......................0.0 		    X       166,939 0 29,241
(17) CAROL N LINDSEY........................................................................
VP/POLICY & COMPLIANCE
 55.0
.......................11.0 		    X       157,111 0 26,265
Form 990 (2012)
Form 990 (2012)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(18) PHILLIP E CERVIN........................................................................
VP COLLECTIONS
 54.0
.......................0.0 		    X       179,806 0 34,225
(19) JACOB FRAIRE........................................................................
VP/STUDENT INST. SUCCESS
 45.0
.......................0.0 		    X       158,790 0 34,403
(20) CHANCE R WATSON........................................................................
CHIEF AUDIT EXECUTIVE
 41.0
.......................0.0 		    X       135,481 0 16,509
(21) CALVIN H ABBOTT........................................................................
AVP/PORTFOLIO MANAGER
 40.0
.......................0.0 		      X     169,230 0 28,381
(22) JAMES E ZIMMERMAN........................................................................
AVP/TECHNOLOGY SERVICES
 41.0
.......................0.0 		      X     157,997 0 33,069
(23) MARY O NEGRETE........................................................................
AVP/HUMAN RESOURCES
 41.0
.......................0.0 		      X     174,263 0 21,721
(24) MARK J ZARSKY........................................................................
AVP/CONTROLLER
 41.0
.......................0.0 		      X     169,656 0 26,526
(25) WILLIAM LOVEALL........................................................................
AVP/APMO
 42.0
.......................0.0 		      X     155,015 0 24,715
(26) KARA J THOMPSON........................................................................
AVP/STRATEGIC PLANNING
 40.0
.......................0.0 		        X   138,831 0 23,665
(27) KEVIN G STRUCKHOFF........................................................................
AVP/RELATIONSHIP MGMT CON
 50.0
.......................0.0 		        X   132,235 0 32,411
(28) SUSAN G HIGH........................................................................
AVP/COLLECTIONS
 47.0
.......................0.0 		        X   138,088 0 26,900
(29) JEFF J WEBSTER........................................................................
AVP/RESEARCH
 46.0
.......................0.0 		        X   133,615 0 17,794
(30) JAMES B BRADLEY........................................................................
AVP/CHIEF INFO SEC. OFFICE
 42.0
.......................0.0 		        X   131,993 0 32,109
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 3,893,056 0 587,358
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet21
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If “Yes,” complete Schedule J for such individual ..............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
SEE SCHEDULE O GENERAL STATEMENT 4,      
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet9
Form 990 (2012)
Form 990 (2012)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response to any question in this Part VIII ..............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, Gifts, Grants and Other Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c  
d Related organizations...1d  
e Government grants (contributions)1e 143,412,819
f All other contributions, gifts, grants, and
similar amounts not included above1f 		 
g Noncash contributions included in lines
1a-1f:$ 		 
h Total. Add lines 1a-1f.......MediumBullet 143,412,819
Program Service Revenue Business Code
2a DEFAULT AVERSION SOLUTIONS 900099 1,254,901 1,254,901    
b REPURCHASE INTEREST 900099 1,826,008 1,826,008    
c
d
e
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet 3,080,909
Other Revenue 3 Investment income (including dividends, interest, and other similar amounts).......MediumBullet 18,503,472     18,503,472
4 Income from investment of tax-exempt bond proceeds..MediumBullet 0      
5 Royalties...........MediumBullet 0      
(i) Real (ii) Personal
6a Gross rents 58,654  
b Less: rental expenses 38,703  
c Rental income or (loss) 19,951 0
d Net rental income or (loss).......MediumBullet 19,951   19,951  
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory    
b Less: cost or other basis and sales expenses    
c Gain or (loss)    
d Net gain or (loss)..........MediumBullet 0      
8a Gross income from fundraising events (not including
$  
of contributions reported on line 1c). See Part IV, line 18 ..
a  
b Less: direct expenses ...b  
c Net income or (loss) from fundraising events..MediumBullet 0    
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet 0      
10a Gross sales of inventory, less
returns and allowances .
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet 0      
Miscellaneous Revenue Business Code
11a MISC. INCOME 900099 168,100 168,100    
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ...... MediumBullet 168,100
12 Total revenue. See Instructions......MediumBullet 165,185,251 3,249,009 19,951 18,503,472
Form 990 (2012)
Form 990 (2012)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response to any question in this Part IX ...............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to governments and organizations in the United States. See Part IV, line 21 309,241,574 309,241,574
2 Grants and other assistance to individuals in the United States. See Part IV, line 22 0  
3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16 0  
4 Benefits paid to or for members 0  
5 Compensation of current officers, directors, trustees, and key employees .... 2,501,225 2,032,410 468,815 0
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .... 0      
7 Other salaries and wages 41,144,229 33,765,790 7,378,439 0
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 3,818,277 3,112,416 705,861 0
9 Other employee benefits ....... 6,416,263 4,429,887 1,986,376 0
10 Payroll taxes ........... 3,586,286 2,923,311 662,975 0
11 Fees for services (non-employees):        
a Management ...... 0      
b Legal ......... 305,343 34,677 270,666 0
c Accounting ........... 225,279 0 225,279 0
d Lobbying ........... 103,711 103,711 0 0
e Professional fundraising services. See Part IV, line 17 0  
f Investment management fees ...... 22,040 0 22,040 0
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ........ 523,656 396,710 126,946 0
12 Advertising and promotion .... 248,866 237,853 11,013 0
13 Office expenses ....... 2,632,399 2,365,086 267,313 0
14 Information technology ...... 3,460,349 3,242,470 217,879 0
15 Royalties .. 0      
16 Occupancy ........... 1,005,960 827,765 178,195 0
17 Travel ............ 1,083,412 941,086 142,326 0
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ...... 0      
19 Conferences, conventions, and meetings .... 539,395 195,092 344,303 0
20 Interest ........... 0      
21 Payments to affiliates ....... 0      
22 Depreciation, depletion, and amortization ..... 4,763,090 3,987,932 775,158 0
23 Insurance .............. 372,172 0 372,172 0
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a ADJ TO LOAN LOSS PROVISION -25,539,118 -25,539,118 0 0
b COLLECTION AGENCY COMMISSIONS 10,555,752 10,555,752 0 0
c DEFAULT AVERSION FEES 6,070,068 6,070,068 0 0
d UBI TAXES 500 0 500 0
e All other expenses 2,924,675 2,091,087 833,588  
25 Total functional expenses. Add lines 1 through 24e 376,005,403 361,015,559 14,989,844 0
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2012)
Form 990 (2012)
Page 11
Part X Balance Sheet Check if Schedule O contains a response to any question in this Part X ...............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing ............. 43,178,030 1 0
2 Savings and temporary cash investments ......... 6,369,349 2 33,954,285
3 Pledges and grants receivable, net ........... 0 3 0
4 Accounts receivable, net ............. 40,668,057 4 41,724,649
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..................
0 5 0
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
0 6 0
7 Notes and loans receivable, net ............. 0 7 0
8 Inventories for sale or use .............. 0 8 0
9 Prepaid expenses and deferred charges .......... 1,641,271 9 1,152,037
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 79,922,401
b Less: accumulated depreciation ..... 10b 36,504,184 42,677,504 10c 43,418,217
11 Investments—publicly traded securities .......... 696,909,254 11 422,770,137
12 Investments—other securities. See Part IV, line 11 ..... 7,793,750 12 8,043,750
13 Investments—program-related. See Part IV, line 11 ..... 0 13 0
14 Intangible assets ............... 0 14 0
15 Other assets. See Part IV, line 11 ........... 110,856 15 123,668
16 Total assets. Add lines 1 through 15 (must equal line 34)...... 839,348,071 16 551,186,743
Liabilities 17 Accounts payable and accrued expenses ......... 39,676,080 17 42,574,864
18 Grants payable ................. 0 18 0
19 Deferred revenue ................ 0 19 0
20 Tax-exempt bond liabilities ............. 0 20 0
21 Escrow or custodial account liability. Complete Part IV of Schedule D.. 0 21 0
22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L.......... 0 22 0
23 Secured mortgages and notes payable to unrelated third parties .. 0 23 0
24 Unsecured notes and loans payable to unrelated third parties .... 0 24 0
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D.................... 241,310,000 25 184,465,652
26 Total liabilities. Add lines 17 through 25......... 280,986,080 26 227,040,516
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets ..............   27  
28 Temporarily restricted net assets ...........   28  
29 Permanently restricted net assets ...........   29  
Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds ........ 0 30 0
31 Paid-in or capital surplus, or land, building or equipment fund ..... 42,677,504 31 43,418,217
32 Retained earnings, endowment, accumulated income, or other funds 515,684,487 32 280,728,010
33 Total net assets or fund balances ........... 558,361,991 33 324,146,227
34 Total liabilities and net assets/fund balances ........ 839,348,071 34 551,186,743
Form 990 (2012)
Form 990 (2012)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response to any question in this Part XI ...............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
165,185,251
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
376,005,403
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
-210,820,152
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
558,361,991
5
Net unrealized gains (losses) on investments ...............
5
-23,395,612
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
 
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
324,146,227
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response to any question in this Part XII ..............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If “Yes,” to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?
3a
Yes
 
b
If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits
3b
Yes
 
Form 990 (2012)
Form 990, Special Condition Description:
Special Condition Description
Additional Data


Software ID:  
Software Version:  
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
TEXAS GUARANTEED STUDENT LOAN CORP
 
Employer identification number

74-2094204
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
f
g
(i) A person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the supported organization? ................
11g(i)
 
 
(ii) A family member of a person described in (i) above? ......................
11g(ii)
 
 
(iii) A 35% controlled entity of a person described in (i) or (ii) above? ................
11g(iii)
 
 
h
Provide the following information about the supported organization(s).
(i) Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions)) (iv) Is the organization in col. (i) listed in your governing document? (v) Did you notify the organization in col. (i) of your support? (vi) Is the organization in col. (i) organized in the U.S.? (vii) Amount of monetary support
Yes No Yes No Yes No
Total                  

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2012
Schedule A (Form 990 or 990-EZ) 2012
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .... 117,767,682 132,728,600 114,076,833 230,031,273 143,412,819 738,017,207
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......           0
3 The value of services or facilities furnished by a governmental unit to the organization without charge..           0
4 Total. Add lines 1 through 3 117,767,682 132,728,600 114,076,833 230,031,273 143,412,819 738,017,207
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..           0
6 Public support. Subtract line 5 from line 4.           738,017,207
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
7 Amounts from line 4.. 117,767,682 132,728,600 114,076,833 230,031,273 143,412,819 738,017,207
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... 25,609,451 23,395,341 24,570,213 22,472,348 18,503,472 114,550,825
9 Net income from unrelated business activities, whether or not the business is regularly carried on..   9,706 13,591 13,151 18,056 54,504
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.).. 280,369 105,715 207,904 13,132 168,100 775,220
11 Total support (Add lines 7 through 10).           853,397,756
12
12
146,129,842
13
First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization, check this box and stop here........................................right arrow
Section C. Computation of Public Support Percentage
14
14
86.480 %
15
15
85.285 %
16a
b
17a
b
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990 or 990-EZ) 2012
Schedule A (Form 990 or 990-EZ) 2012
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......            
3 Gross receipts from activities that are not an unrelated trade or business under section 513..            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5.            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public support (Subtract line 7c from line 6.)            
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.) ..            
13 Total support. (Add lines 9, 10c, 11, and 12.)..            
14
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
b
20
Schedule A (Form 990 or 990-EZ) 2012
Schedule A (Form 990 or 990-EZ) 2012
Page 4
Part IV
Supplemental Information. Complete this part to provide the explanations required by Part II, line 10; Part II, line 17a or 17b; and Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Explanation
 
 
 
 
Schedule A (Form 990 or 990-EZ) 2012

Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
OMB No. 1545-0047
2012
Name of the organization
TEXAS GUARANTEED STUDENT LOAN CORP
 
Employer identification number

74-2094204
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......................... Arrow Bullet   $    
Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990; or check the box on line H of its
Form 990-EZ or on Part I, line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
Page 2
Name of organization
TEXAS GUARANTEED STUDENT LOAN CORP
  		Employer identification number

74-2094204
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
     
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
RESTRICTED
 

     
RESTRICTED
RESTRICTED  
RESTRICTED, RESTRICTED   RESTRICTED

$RESTRICTED


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
Page 3
Name of organization
TEXAS GUARANTEED STUDENT LOAN CORP
  		Employer identification number

74-2094204
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
     
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
Page 4
Name of organization
TEXAS GUARANTEED STUDENT LOAN CORP
  		Employer identification number

74-2094204
Part III
Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Additional Data


Software ID:  
Software Version:  
SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet Complete if the organization is described below.SchCMd Bullet Attach to Form 990 or Form 990-EZ.
SchCMd Bullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public
Inspection
If the organization answered “Yes” to Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered “Yes” to Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered “Yes” to Form 990, Part IV, Line 5 (Proxy Tax) or Form 990-EZ, Part V, line 35c (Proxy Tax), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
TEXAS GUARANTEED STUDENT LOAN CORP
 
Employer identification number

74-2094204
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV.
2
Political expenditures ....................................SchCMd Bullet
$  
3
Volunteer hours ........................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 .........SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 ......SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? ..............
4a
Was a correction made? .........................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c), except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities SchCMd Bullet
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ...................................SchCMd Bullet

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b..SchCMd Bullet

$  
4
Did the filing organization file Form 1120-POL for this year? ..........................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.










For Paperwork Reduction Act Notice, see the instructions for Form 990 or 990-EZ.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2012

Schedule C (Form 990 or 990-EZ) 2012
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check SchCMd Bulletexpenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
organization's
totals 		(b) Affiliated group
totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ......    
b Total lobbying expenditures to influence a legislative body (direct lobbying) ....... 103,711  
c Total lobbying expenditures (add lines 1a and 1b) ................... 103,711  
d Other exempt purpose expenditures ........................ 386,450,966  
e Total exempt purpose expenditures (add lines 1c and 1d) ............... 386,554,677  
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		 1,000,000  
  If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:    
  Not over $500,00020% of the amount on line 1e.    
  Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.    
  Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.    
  Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.    
  Over $17,000,000$1,000,000.    
       
g Grassroots nontaxable amount (enter 25% of line 1f) ................. 250,000  
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ......................................

4-Year Averaging Period Under Section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the instructions for lines 2a through 2f on page 4.)
Lobbying Expenditures During 4-Year Averaging Period
  Calendar year (or fiscal year
beginning in) 		(a) 2009 (b) 2010 (c) 2011 (d) 2012 (e) Total
             
2a Lobbying nontaxable amount 1,000,000 1,000,000 1,000,000 1,000,000 4,000,000
             
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		        6,000,000
             
c Total lobbying expenditures 73,448 110,361 103,112 103,711 390,632
             
d Grassroots nontaxable amount 250,000 250,000 250,000 250,000 1,000,000
             
e Grassroots ceiling amount
(150% of line 2d, column (e))		         1,500,000
             
f Grassroots lobbying expenditures 0 0 0 0 0
Schedule C (Form 990 or 990-EZ) 2012


Schedule C (Form 990 or 990-EZ) 2012
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
For each “Yes” response to lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
No
Yes
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? .........................................
 
 
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....
 
 
c
Media advertisements? ....................................
 
 
 
d
Mailings to members, legislators, or the public? .........................
 
 
 
e
Publications, or published or broadcast statements? .......................
 
 
 
f
Grants to other organizations for lobbying purposes? .......................
 
 
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? ........
 
 
 
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......
 
 
 
i
Other activities? ..........................
 
 
 
j
Total. Add lines 1c through 1i ...............................
 
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
 
b
If "Yes," enter the amount of any tax incurred under section 4912 .................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 .....
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? .......
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ................
2
 
 
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? ..........
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered “No” OR (b) Part III-A, line 3, is answered “Yes."
1
Dues, assessments and similar amounts from members .....................
1
 
2
Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political
expenses for which the section 527(f) tax was paid).
a
Current year .........................................
2a
 
b
Carryover from last year ....................................
2b
 
c
Total ............................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ................................
4
 
5
Taxable amount of lobbying and political expenditures (see instructions) ..............
5
 
Part IV
Supplemental Information
Complete this part to provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, line 2; and Part ll-B, line 1. Also, complete this part for any additional information.
Identifier Return Reference Explanation
Schedule C (Form 990 or 990EZ) 2012

Additional Data


Software ID:  
Software Version:  

SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
TEXAS GUARANTEED STUDENT LOAN CORP
 
Employer identification number

74-2094204
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate contributions to (during year) ...    
3 Aggregate grants from (during year) .....    
4 Aggregate value at end of year ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register .................... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .......................................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2012

Schedule D (Form 990) 2012
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIII and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21? .....................
b
If “Yes,” explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ........
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current year (b)Prior year b (c)Two years back (d)Three years back (e)Four years back
1a Beginning of year balance ....          
b Contributions ........          
c Net investment earnings, gains, and losses          
d Grants or scholarships .....          
e Other expenditures for facilities
and programs ........ 		         
f Administrative expenses ....          
g End of year balance ......          
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet  
b
Permanent endowment SchDMd Bullet  
c
Temporarily restricted endowment SchDMd Bullet  
The percentages in lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
 
(ii) related organizations ........................
3a(ii)
 
 
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................   3,315,000 3,315,000
b Buildings ................   34,436,799 8,022,560 26,414,239
c Leasehold improvements ............   2,605 2,605  
d Equipment ................   15,077,992 12,824,897 2,253,096
e Other .................   27,090,005 15,654,123 11,435,882
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 43,418,217
Schedule D (Form 990) 2012

Schedule D (Form 990) 2012
Page 3
Part VII
Investments—Other Securities. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
Other








Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet  
Part VIII
Investments—Program Related. See Form 990, Part X, line 13.
(a) Description of investment type (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
Federal income taxes 0
ALLOWANCE FOR NON-REINSURED LOAN 184,330,000
BANK CLEARING LIABILITY 135,652







Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 184,465,652
2. Fin 48 (ASC 740) Footnote. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII .....................................................
Schedule D (Form 990) 2012

Schedule D (Form 990) 2012
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1 Total revenue, gains, and other support per audited financial statements ....... 1  
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d ..................... 2e  
3 Subtract line 2e from line 1..................... 3  
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b....................... 4c  
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5  
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ........... 1  
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d...................... 2e  
3 Subtract line 2e from line 1..................... 3  
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIII.) ............ 4b  
c Add lines 4a and 4b....................... 4c  
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5  
Part XIII
Supplemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Identifier Return Reference Explanation
Schedule D (Form 990) 2012

Additional Data


Software ID:  
Software Version:  




Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
TEXAS GUARANTEED STUDENT LOAN CORP
 
Employer identification number
74-2094204
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21, for any recipient that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC Code section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance
(1) BEYOND 12
901 MISSION ST STE 205
SAN FRAN,CA94103 		27-1275246 501(c)(3) 117,012       SERVICES TO STUDENTS
(2) BOTTOM LINE
500 AMORY ST STE 3
JAMAICA PLAIN,MA02130 		04-3351427 501(c)(3) 150,000       SERVICES TO STUDENTS
(3) CENTER FOR LEARNING & DEVELOPMENT
200 W HWY 6 STE 503
WACO,TX76712 		74-2687080 501(c)(3) 104,897       SERVICES TO STUDENTS
(4) A MILLION STARS INC
110 N JEFFERSON ST
ST LOUIS,MO63103 		20-4768985 501(C)(3) 75,000       SERVICES TO STUDENTS
(5) COMMUNITIES IN SCHOOLS OF CENTRAL TEXAS
3000 SOUTH IH 35STE 200
AUSTIN,TX78704 		74-2369020 501(C)(3) 37,500       ORGANIZTNL. CAPACITY
(6) CREATIVE KIDS
504 SAN FRANCISCO ST
EL PASO,TX79901 		74-2910251 501(c)(3) 120,000       SERVICES TO STUDENTS
(7) CISCO COLLEGE
101 COLLEGE HEIGHTS
CISCO,TX76437 		75-1164343 STATE OF TX 109,715       SERVICES TO STUDENTS
(8) EDUCATION IS FREEDOM FOUNDATION
2711 N HASKELL AVE STE 2070
DAL,TX75204 		04-3643313 501(C)(3) 127,000       SERVICES TO STUDENTS
(9) FAMILIES UNITED IN EDUCATIONAL LEADERSHIP INC
561 BOYLSTON ST
BOSTON,MA02116 		27-1462229 501(C)(3) 101,250       EDUCATIONAL RESEARCH
(10) FORT WORTH CHAMBER DEVELOPMENT FOUNDATION
777 TAYLOR STREET
SUITE 900
FORT WORTH,TX76102 		20-2354924 501(C)(3) 50,570       SERVICES TO STUDENTS
(11) GENESYS WORKS
601 JEFFERSON AVE
STE 3760
HOUSTON,TX77002 		03-0440761 501(C)(3) 100,000       SERVICES TO STUDENTS
(12) INSTITUTE FOR HIGHER EDUCATION
1825 K STREET NW
SUITE 720
WASHINGTON,DC20006 		52-1818907 501(C)(3) 103,476       ORGANIZTNL. CAPACITY
(13) INTERCULTURAL DEVELOPMENT RESEARCH ASSN
5815 CALLAGHAN RD
STE 101
SAN ANTONIO,TX78228 		74-1804539 501(C)(3) 90,000       ORGANIZTNL. CAPACITY
(14) NACOGDOCHES INDEPENDENT SCHOOL DISTRICT
511 S UNIVERSITY DR
NACOGDOCHES,TX75961 		75-6002119 TX PUB. SCHOOL 50,000       SERVICES TO STUDENTS
(15) OUR LADY OF THE LAKE UNIVERSITY
411 SW 24TH ST
SAN ANTONIO,TX78207 		74-1109631 501(C)(3) 44,800       SERVICES TO STUDENTS
(16) SAN ANTONIO EDUCATION PARTNERS
131 EL PASO ST
SAN ANTONIO,TX78204 		74-2547643 501(C)(3) 126,120       SERVICES TO STUDENTS
(17) ST EDWARD'S UNIVERSITY
3001 S CONGRESS AVE
AUSTIN,TX78704 		74-1109641 501(C)(3) 90,055       SERVICES TO STUDENTS
(18) TEXAS A&M INTERNATIONAL UNIVERSITY
5201 UNIVERSITY BLVD
LAREDO,TX78041 		74-1761398 STATE OF TX 120,774       SERVICES TO STUDENTS
(19) UNIVERSITY OF CALIFORNIA MERCED
5200 N LAKE ROAD
MERCED,CA95343 		27-0093858 STATE OF CA 94,500       SERVICES TO STUDENTS
(20) UNIVERSITY OF CENTRAL OKLAHOMA
100 N UNIVERSITY DRIVE
EDMOND,OK73034 		73-6017987 STATE OF OK 80,912       SERVICES TO STUDENTS
(21) THE UNIVERSITY OF TEXAS AT DALLAS
800 W CAMPBELL RD MP13
RICHARDSON,TX75081 		75-1305566 STATE OF TX 150,000       SERVICES TO STUDENTS
(22) UNIVERSITY OF TEXAS AT SAN ANTONIO
1 UTSA CIR
SAN ANTONIO,TX78249 		74-1717115 STATE OF TX 199,126       SERVICES TO STUDENTS
(23) SCHOLARSHIP AMERICA
1 Scholarship Way
St Peter,MN56082 		04-2296967 501(C)(3) 4,835,358       STUDENT FIN. AID
(24) ACHIEVING THE DREAM
8455 COLESVILL ROAD
SUITE 900
SILVER SPRING,MD20910 		27-1635830 501(C)(3) 146,600       ORGANIZTNL. CAPACITY
(25) ADMISSION CONTROL
PO BOX 142308
AUSTIN,TX78714 		43-2003552 501(C)(3) 110,670       SERVICES TO STUDENTS
(26) ASSOCIATION OF AMERICAN COLLEGES
1818 R ST NW
WASHINGTON,DC20009 		52-1945674 501(C)(3) 75,000       EDUCATIONAL RESEARCH
(27) BREAKTHROUGH AUSTIN
1050 EAST 11TH ST
SUITE 350
AUSTIN,TX78702 		74-2991346 501(C)(3) 112,500       SERVICES TO STUDENTS
(28) CAPITAL IDEA
PO BOX 1784
AUSTIN,TX78767 		74-2893041 501(C)(3) 30,000       SERVICES TO STUDENTS
(29) CENTER FOR PUBLIC POLICY PRIORITY
7020 EASY WIND DRIVE
SUITE 200
AUSTIN,TX78752 		74-2898197 501(C)(3) 97,500       ORGANIZTNL. CAPACITY
(30) COLLEGE NOW GREATER CLEVELAND
50 PUBLIC SQUARE
SUITE 1800
CLEVELAND,OH44113 		34-6580096 501(C)(3) 150,000       SERVICES TO STUDENTS
(31) COLUMBIA COLLEGE CHICAGO
600 S MICHIGAN AVE
CHICAGO,IL60605 		36-6112087 STATE OF IL 124,173       SERVICES TO STUDENTS
(32) COMMUNITIES FOUNDATION OF TEXAS
5500 CARUTH HAVEN LANE
DALLAS,TX75225 		75-0964565 501(C)(3) 175,000       STRATEGIC IMPACT
(33) EXCELENCIA IN EDUCATION
1717 N ST NW
2ND FL
WASHINGTON,DC20036 		20-0927912 501(C)(3) 175,000       ORGANIZTNL. CAPACITY
(34) FOUNDATION COMUNITIES
3036 S FIRST ST
AUSTIN,TX78704 		74-2563260 501(C)(3) 99,500       SERVICES TO STUDENTS
(35) GRANTMAKERS FOR EDUCATION
720 SW WASHINGTON ST
STE 605
PORTLAND,OR97205 		33-0919329 501(C)(3) 25,000       ORGANIZTNL. CAPAPCITY
(36) HOUSTON COMMUNITY COLLEGE
3100 MAIN STREET
SUITE 12B12
HOUSTON,TX77002 		74-1885205 STATE OF TX 75,000       SERVICES TO STUDENTS
(37) I KNOW I CAN
3798 E BROAD ST
COLUMBUS,OH43213 		31-1229135 501(C)(3) 39,653       SERVICES TO STUDENTS
(38) NATIONAL COLLEGE ACCESS NETWORK
1001 CONNECTICUT AVE NW
STE 632
WASH,DC20036 		31-1793562 501(C)(3) 19,875       ORGANIZTNL. CAPACITY
(39) PASADENA INDEPENDENT SCHOOL DISTRICT
1515 CHERRYBROOK LANE
PASADENA,TX77502 		74-6001850 TX. PUB. SCHOOL 98,295       SERVICES TO STUDENTS
(40) SOUTHERN EDUCATION FOUNDATION
135 AUBURN AVENUE VE
ATLANTA,GA30303 		13-5562388 501(C)(3) 150,000       SERVICES TO STUDETNS
(41) TEXAS A&M UNIVERSITY
1265 TAMU
COLLEGE STATION,TX77843 		74-6000541 STATE OF TX 100,000       SERVICES TO STUDENTS
(42) TEXAS COMMUNITY COLLEGE EDUCATION
1304 SAN ANTONIO ST
SUITE 201
AUSTIN,TX78701 		56-2358912 501(C)(3) 50,000       STRATEGIC IMPACT
(43) TEXAS WOMAN'S UNIVERSITY
304 ADMINISTRATION DRIVE
DENTON,TX76204 		75-6002618 STATE OF TX 82,000       SERVICES TO STUDENTS
(44) UNIVERSITY OF TEXAS AT AUSTIN
PO BOX 7458
AUSTIN,TX78713 		74-6000203 STATE OF TX 293,445       STRATEGIC IMPACT
(45) Texas Grant (THECB)
1200 E ANDERSON LN
AUSTIN,TX78752 		74-3017895 ST. HIGHER EDU. 30,000,000       STUDENT FIN. AID
(46) T-STEM (THECB)
1200 E ANDERSON LN
AUSTIN,TX78752 		82-0569407 ST. HIGHER EDU. 21,938,000       STUDENT FIN. AID
(47) VETERANS EDUCATION ASSISTANCE
PO Box 13528 Cap Station
Austin,TX78711 		74-6000089 ST. HIGHER EDU. 248,062,000       STUDENT FIN. AID
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................ Bullet Image
47
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
0
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2012

Schedule I (Form 990) 2012
Page 2
Part III
Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a)Type of grant or assistance (b)Number of
recipients		 (c)Amount of
cash grant		 (d)Amount of
non-cash assistance		 (e)Method of valuation (book,
FMV, appraisal, other)		 (f)Description of non-cash assistance












Part IV
Supplemental Information.
Complete this part to provide the information required in Part I, line 2, Part III, column (b), and any other additional information.
Identifier Return Reference Explanation
PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS FORM 990, SCHEDULE I, PART I, LINE 2 Regarding TG's competitive grant process, ONCE APPROVED FOR FUNDING, EACH GRANTEE MUST REVIEW AND EXECUTE A GRANT AGREEMENT DOCUMENT WITH TG. IN THIS DOCUMENT, THE EXPECTATIONS ARE OUTLINED FOR THE GRANTEES AND THEIR RESPECTIVE PROJECTS, INCLUDING THE REPORTING REQUIREMENTS FOR THE MIDPOINT (PROGRESS) REPORT AND THE FINAL REPORT. EACH OF THE PROJECT DELIVERABLES IS IDENTIFIED IN THE GRANT AGREEMENT DOCUMENT. GRANTEES ARE INSTRUCTED TO PROVIDE A PROGRESS REPORT ON EACH OF THE ITEMS LISTED AND TO PROVIDE A REPORT OF EXPENDITURES TO-DATE COMPARED TO THE ORIGINAL BUDGET SUBMITTED WITH THE APPLICATION. GRANTEES THEN PROVIDE A FINAL ACCOUNT ON THE DELIVERABLES AND BUDGET AT THE CONCLUSION OF THE GRANT PERIOD. GRANT MANAGEMENT STAFF REVIEWS EACH MIDPOINT REPORT TO DETERMINE IF THE GRANT PROJECTS ARE PROGRESSING AS ANTICIPATED. SPECIFICALLY, STAFF LOOKS TO SEE IF ANY OF THE FOLLOWING CONDITIONS EXIST: A) BUDGET LINE ITEMS THAT SEEM TO BE FALLING SHORT OF ANTICIPATED COSTS B) ANY CHANGES IN KEY PERSONNEL ASSOCIATED WITH THE PROJECT C) ANY OBSTACLES IDENTIFIED BY THE GRANTEE AS IMPEDING PROGESS TOWARD GOALS D) ANY REQUESTS FROM THE GRANTEE TO ADJUST THE BUDGET, DELIVERABLES OR PROGRAM ACTIVITIES. IF THERE ARE SIGNIFICANT ISSUES NOTED IN THE PROGRESS REPORT, STAFF WILL FOLLOW UP WITH THE GRANTEE BY PHONE OR WILL SCHEDULE A SITE VISIT TO DETERMINE THE BEST COURSE OF ACTION TO ADDRESS ANY CONCERNS. IF THERE ARE NO SIGNIFICANT ISSUES NOTED, STAFF ACKNOWLEDGES THE RECEIPT OF THE REPORT AND SCHEDULES THE SECOND DISBURSEMENT OF THE FUNDING (IF APPLICABLE). AT THE TERMINATION OF THE GRANT PERIOD, STAFF REVIEWS THE FINAL REPORT ON EACH PROJECT AND COMPLETES A CLOSE OUT REPORT. THIS REPORT SUMMARIZES THE FOLLOWING: A) PROJECT OBJECTIVES AND THE DEGREE TO WHICH THEY WERE ACHIEVED B) OBSERVATIONS ABOUT THE PROJECT'S SUCCESS OR LACK THEREOF C) FINANCIAL STATUS OF THE PROJECT. THE CLOSE OUT REPORT ALSO PROVIDES AN OPPORTUNITY FOR GRANT MANAGEMENT STAFF TO ASSIGN A LETTER GRADE TO THE PROJECT AND INDICATE WHETHER THE GRANTEE IS A GOOD CANDIDATE FOR FURTHER FUNDING. IF THERE ARE ANY REMAINING FUNDS AT THE END OF THE GRANT PERIOD, GRANT MANAGEMENT STAFF WORKS WITH THE GRANTEE TO ENSURE THE RETURN OF THESE FUNDS TO TG. FORM 990, SCHEDULE I, PART IV GRANT REFUNDS - UNEXPENDED GRANT FUNDS AWARDED IN PREVIOUS YEARS RETURNED ARE REPORTED AS FOLLOWS: ABILENE INDEPENDENT SCHOOL DISTRICT $10,356 NATIONAL COLLEGE ACCESS $11,147 NATIONAL ASSOCIATION FOR COLLEGE ADMISSION $44,198
Schedule I (Form 990) 2012


Additional Data


Software ID:  
Software Version:  


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990,
Part IV, question 23.
SchJMediumBullet Attach to Form 990. SchJMediumBullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
TEXAS GUARANTEED STUDENT LOAN CORP
 
Employer identification number

74-2094204
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain....
1b
 
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all officers,
directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? .......
2
 
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ................
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
 
No
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.
5
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
No
b
Any related organization? .........................
5b
 
No
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
Yes
 
b
Any related organization? .........................
6b
 
No
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
No
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
No
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2012

Schedule J (Form 990) 2012
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation
reported as deferred
in prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
(1)SUE C MCMILLINPRESIDENT/CEO (i)
(ii)		 299,445
0 		128,604
0 		12,114
0 		22,050
0 		7,053
0 		469,266
0 		0
0
(2)JAMES PATTERSONSVP/FINANCE & ADMIN. (i)
(ii)		 212,055
0 		60,379
0 		774
0 		19,146
0 		14,874
0 		307,228
0 		0
0
(3)LLOYD DODGESVP/INFORMATION TECHNOLOGY (i)
(ii)		 199,740
0 		52,966
0 		774
0 		17,760
0 		7,053
0 		278,293
0 		0
0
(4)DEANNE VARNERSVP/GEN.COUN/CHIEF ETHICS (i)
(ii)		 205,373
0 		60,379
0 		774
0 		18,500
0 		9,827
0 		294,853
0 		0
0
(5)KIM M ALEXANDERVP/CUSTOMER RELATIONS (i)
(ii)		 162,223
0 		29,487
0 		774
0 		14,627
0 		13,782
0 		220,893
0 		0
0
(6)JOHN R ZANOTVP/MARKETING & PROD. MGMT (i)
(ii)		 138,244
0 		29,487
0 		414
0 		12,784
0 		21,968
0 		202,897
0 		0
0
(7)RINN D HARPERVP OPERATIONS (i)
(ii)		 137,009
0 		29,516
0 		414
0 		12,610
0 		16,631
0 		196,180
0 		0
0
(8)CAROL N LINDSEYVP/POLICY & COMPLIANCE (i)
(ii)		 131,089
0 		25,608
0 		414
0 		11,901
0 		14,364
0 		183,376
0 		0
0
(9)PHILLIP E CERVINVP COLLECTIONS (i)
(ii)		 150,167
0 		29,225
0 		414
0 		13,239
0 		20,986
0 		214,031
0 		0
0
(10)CALVIN H ABBOTTAVP/PORTFOLIO MANAGER (i)
(ii)		 142,434
0 		25,608
0 		1,188
0 		12,979
0 		15,402
0 		197,611
0 		0
0
(11)JAMES E ZIMMERMANAVP/TECHNOLOGY SERVICES (i)
(ii)		 132,119
0 		25,608
0 		270
0 		12,083
0 		20,986
0 		191,066
0 		0
0
(12)MARY O NEGRETEAVP/HUMAN RESOURCES (i)
(ii)		 147,867
0 		25,622
0 		774
0 		13,253
0 		8,468
0 		195,984
0 		0
0
(13)MARK J ZARSKYAVP/CONTROLLER (i)
(ii)		 143,778
0 		25,608
0 		270
0 		12,880
0 		13,646
0 		196,182
0 		0
0
(14)JACOB FRAIREVP/STUDENT INST. SUCCESS (i)
(ii)		 129,739
0 		28,781
0 		270
0 		11,977
0 		22,426
0 		193,193
0 		0
0
(15)WILLIAM LOVEALLAVP/APMO (i)
(ii)		 129,223
0 		25,018
0 		774
0 		11,575
0 		13,140
0 		179,730
0 		0
0
(16)KARA J THOMPSONAVP/STRATEGIC PLANNING (i)
(ii)		 116,174
0 		22,243
0 		414
0 		10,485
0 		13,180
0 		162,496
0 		0
0
(17)KEVIN G STRUCKHOFFAVP/RELATIONSHIP MGMT CON (i)
(ii)		 109,578
0 		22,243
0 		414
0 		10,225
0 		22,186
0 		164,646
0 		0
0
(18)SUSAN G HIGHAVP/COLLECTIONS (i)
(ii)		 115,431
0 		22,243
0 		414
0 		10,453
0 		16,447
0 		164,988
0 		0
0
(19)CHANCE R WATSONCHIEF AUDIT EXECUTIVE (i)
(ii)		 109,445
0 		25,856
0 		180
0 		9,456
0 		7,053
0 		151,990
0 		0
0
(20)JEFF J WEBSTERAVP/RESEARCH (i)
(ii)		 110,944
0 		22,257
0 		414
0 		9,949
0 		7,845
0 		151,409
0 		0
0
(21)JAMES B BRADLEYAVP/CHIEF INFO SEC. OFFICE (i)
(ii)		 111,212
0 		18,495
0 		2,286
0 		9,976
0 		22,133
0 		164,102
0 		0
0
Schedule J (Form 990) 2012

Schedule J (Form 990) 2012
Page 3
Part III
Supplemental Information
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.
Also complete this part for any additional information.
Identifier Return Reference Explanation
FORM 990, SCHEDULE J, PART I: QUESTIONS REGARDING COMPENSATION   PART I, LINE 6A: TG'S BOARD OF DIRECTORS' APPROVED CORPORATE PERFORMANCE AWARD PROGRAM COMPENSATES ELIGIBLE EMPLOYEES BASED UPON PREDETERMINED FORMULAS. THE BOARD APPROVES THE TOTAL AWARD POOL FORMULA BEFORE THE BEGINNING OF THE FISCAL YEAR BASED ON THE ORGANIZATION ACHIEVING ITS CORPORATE GOALS, ONLY ONE OF WHICH IS NET EARNINGS. THE TOTAL AWARD POOL IS APPORTIONED TO EACH CORPORATE GOAL. THE PAYOUT RESULTING FROM ACHIEVING AT LEAST 85% OF EACH GOAL MAY INCREASE DEPENDING ON THE EXTENT TO WHICH THE GOAL IS EXCEEDED; HOWEVER, THE INCREASE IS CAPPED WHEN 120% OF GOAL IS ACHIEVED. ELIGIBLE EMPLOYEES INCLUDE ALL REGULAR EMPLOYEES WORKING A MINIMUM OF 20 HOURS PER WEEK, EMPLOYED AT THE END OF THE FISCAL YEAR, NOT PARTICIPATING IN ANOTHER DEPARTMENTAL INCENTIVE PLAN, AND MEETING MINIMUM PERFORMANCE STANDARDS. EACH EMPLOYEE'S PAYOUT IS BASED ON A FORMULA WHICH TAKES THE SALARY MIDPOINT FOR THAT INDIVIDUAL'S PAY GRADE INTO ACCOUNT. EVERYONE AT A PARTICULAR PAY GRADE WILL GET THE SAME AWARD AS LONG AS THEY ARE ELIGIBLE TO RECEIVE THE AWARD.
Schedule J (Form 990) 2012

Additional Data


Software ID:  
Software Version:  
SCHEDULE N
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Liquidation, Termination, Dissolution, or Significant Disposition of Assets
bullet Complete if the organization answered "Yes" to Form 990, Part IV, lines 31 or 32; or Form 990-EZ, line 36.
bullet Attach certified copies of any articles of dissolution, resolutions, or plans.
bullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
TEXAS GUARANTEED STUDENT LOAN CORP
 
Employer identification number
74-2094204
Part I
Liquidation, Termination, or Dissolution. Complete this part if the organization answered "Yes" to Form 990, Part IV, line 31, or Form 990-EZ, line 36.
Part I can be duplicated if additional space is needed.
1(a)Description of asset(s)
distributed or transaction
expenses paid		 (b)Date of
distribution		 (c)Fair market value of
asset(s) distributed or
amount of transaction
expenses		 (d)Method of
determining FMV for
asset(s) distributed or
transaction expenses		 (e)EIN of recipient (f)Name and address of recipient (g)IRC section
of recipient(s) (if
tax-exempt) or type
of entity




















Yes
No
2
Did or will any officer, director, trustee, or key employee of the organization:
a
Become a director or trustee of a successor or transferee organization? . . . . . . . . . . . . . . . . . . . . .
2a
 
 
b
Become an employee of, or independent contractor for, a successor or transferee organization? . . . . . . . . . . . . . . . .
2b
 
 
c
Become a direct or indirect owner of a successor or transferee organization? . . . . . . . . . . . . . . . . . . . .
2c
 
 
d
Receive, or become entitled to, compensation or other similar payments as a result of the organization's liquidation, termination, or dissolution? . . . . .
2d
 
 
e
If the organization answered "Yes" to any of the questions in this line, provide the name of the person involved and explain in Part III. bullet
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or Form 990-EZ.
Cat. No. 50087Z
Schedule N (Form 990 or 990-EZ) (2012)

Schedule N (Form 990 or 990-EZ) (2012)
Page 2
Part I
Liquidation, Termination, or Dissolution (continued)
Note. If the organization distributed all of its assets during the tax year, then Form 990, Part X, column (B), line 16 (Total assets), and line 26 (Total liabilities), should equal -0-.
Yes
No
3
Did the organization distribute its assets in accordance with its governing instrument(s)? If “No,” describe in Part III . . . . . . . . . . .
3
 
 
4a
Is the organization required to notify the attorney general or other appropriate state official of its intent to dissolve, liquidate, or terminate? . . . . . .
4a
 
 
b
If “Yes,” did the organization provide such notice? . . . . . . . . . . . . . . . . . . . . . . . . . .
4b
 
 
5
Did the organization discharge or pay all of its liabilities in accordance with state laws? . . . . . . . . . . . . . . . . .
5
 
 
6a
Did the organization have any tax-exempt bonds outstanding during the year? . . . . . . . . . . . . . . . . . . . .
6a
 
 
b
Did the organization discharge or defease all of its tax-exempt bond liabilities during the tax year in accordance with the Internal Revenue Code and state laws? .
6b
 
 
c
If "Yes" to line 6b, describe in Part III how the organization defeased or otherwise settled these liabilities. If “No,” explain in Part III.

Part II
Sale, Exchange, Disposition, or Other Transfer of More Than 25% of the Organization's Assets. Complete this part if the organization answered "Yes" to Form 990, Part IV, line 32, or Form 990-EZ, line 36. Part II can be duplicated if additional space is needed.
1(a) Description of asset(s)
distributed or transaction
expenses paid		 (b) Date of
distribution		 (c) Fair market value of
asset(s) distributed or
amount of transaction
expenses		 (d) Method of
determining FMV for
asset(s) distributed or
transaction expenses		 (e) EIN of recipient (f) Name and address of recipient (g) IRC section
of recipient(s) (if
tax-exempt) or type
of entity
Cash Grant 09-03-2013 248,062,000 Cash 74-6000089 Veterans Education Assistance
PO Box 13528 Capitol Station
Austin,TX78711 		TX Higher Edu
















Yes
No
2
Did or will any officer, director, trustee, or key employee of the organization:
a
Become a director or trustee of a successor or transferee organization? . . . . . . . . . . . . . . . . . . . . .
2a
 
 
b
Become an employee of, or independent contractor for, a successor or transferee organization? . . . . . . . . . . . . . . . .
2b
 
 
c
Become a direct or indirect owner of a successor or transferee organization? . . . . . . . . . . . . . . . . . . . . .
2c
 
 
d
Receive, or become entitled to, compensation or other similar payments as a result of the organization’s significant disposition of assets? . . . . . . .
2d
 
 
e
If the organization answered "Yes" to any of the questions in this line, provide the name of the person involved and explain in Part III. bullet
Schedule N(Form 990 or 990-EZ) (2012)

Schedule N (Form 990 or 990-EZ) (2012)
Page 3
Part III
Supplemental Information. Complete to provide the information required by Part I, lines 2e and 6c, and Part II, line 2e. Also complete this part to provide any additional information.
Identifier Return Reference Explanation
Cash Grant to Veterans Education Assistance Program Part II, Line 1 During the fiscal year, TG made a substantial one-time grant to the State of Texas endowment for the State's Veterans Education Assistance program to provide higher education support to qualified veterans and qualified members of their families. This substantial grant resulted in net assets decreasing by over 25% during the fiscal year. TG has no intent to dissolve and expects to continue normal operations into the future.
Schedule N (Form 990 or 990-EZ) (2012)


Additional Data


Software ID:  
Software Version:  


SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
TEXAS GUARANTEED STUDENT LOAN CORP
 
Employer identification number

74-2094204
Identifier Return Reference Explanation
GENERAL STATEMENT 1 FORM 990, PART III, MISSION STATEMENT "To be the premier provider of information, products, and services to help students and families realize their education and career dreams." TG administers the Federal Family Education Loan Program (FFELP).
GENERAL STATEMENT 2 FORM 990, PART III, LINE 4A, DESCRIPTION OF PROGRAM SERVICES FORM 990, PART III, LINE 4A: GUARANTOR OPERATIONS - TG's guarantor operations encompass the administration of the Federal Family Education Loan Program on behalf of the U.S. Department of Education. As of fiscal year end, TG's outstanding loan portfolio balance exceeded $15 billion. Promoting borrower success is a long-term endeavor, starting before a student borrower enrolls in college and lasting through repayment. TG has a set of specialized teams - Customer Assistance, Default Prevention, and Default Recovery - that serve borrowers throughout the student loan lifecycle. These teams educate student borrowers about loans and their repayment options and help them return to repayment in the case of delinquency or default. Serving as a bridge from graduation to repayment: Recent studies, including one released in 2013 by the Project on Student Debt, spotlight the growing burden of student loans. According to the report, 71 percent of students who graduated in 2012 from a four-year private or public nonprofit university borrowed to pay for their education, leaving school with an average of $29,400 in student loans. Managing such debt in a recovering economy can be a difficult task. TG's Default Prevention team offers help, reaching out to borrowers in a multi-channel communications campaign of emails, letters, and phone calls. The team's goal is to educate and empower borrowers, so that they understand their repayment options and make choices that maintain or return them to healthy repayment. Results for FY 2013 show the benefits of such an approach. The Default Prevention team guided more than 305,000 borrowers with $4.5 billion in loans back to repayment. These efforts not only help borrowers make progress in repayment but also avoid default, which can damage credit and add collection fees to total loan costs. Guiding borrowers back onto the repayment path: Almost every borrower has options, no matter the circumstance. All TG's customer-facing teams emphasize this advice, including the Default Recovery team, which helps borrowers with loans in default. Such borrowers may feel their choices are limited, but the Default Recovery team works to explain otherwise, describing all possible solutions given each borrower's financial needs. The team's experience and willingness to help earned the trust of many borrowers, and more than 27,700 returned to repayment in the last year. Many did so through the best possible method - loan rehabilitation. Under loan rehabilitation, borrowers agree to make nine, on-time payments over a ten-month period. The default is then removed from the borrower's credit history, and the borrower becomes eligible for other benefits, such as loan deferment. Borrowers appreciate the team's comprehensive counseling approach to finding a repayment solution that could help them succeed in repayment. Educating students in the financial literacy fundamentals: Financial literacy is a highly valuable skill in today's economy, especially for students managing their first long-term repayment obligation right out of school. TG offers a robust financial literacy program that has grown more comprehensive over time. The TG Financial Literacy Program covers a broad set of topics (from credit basics to employee compensation); uses a highly interactive teaching method, including games and exercises; and is delivered both in person and online. Today, the TG Financial Literacy Program has earned a reputation as a strong teaching tool, and more than 40,000 students have taken one or more courses, with users coming from colleges, high schools, independent school districts, federal grant programs, and community-based organizations. Leveraging the power of online learning: More colleges and universities are turning to online learning as a convenient, cost-effective way to teach their students a variety of topics, including debt management. The TG Learning Center provides access to a catalog of trainings in financial literacy, default prevention, and policy topics. In the last fiscal year, more than 15,000 users completed one or more offered trainings. In FY 2013, TG added a number of new modules to the TG Learning Center, including sessions on loan counseling and repayment plans. TG also inaugurated two Spanish-language versions of several financial literacy modules previously released.
GENERAL STATEMENT 3 FORM 990, PART III, LINE 4B, 4C, & 4D, DESCRIP. OF PROGRAM SERVICES CONT'D FORM 990, PART III, LINE 4B: NON-GUARANTOR OPERATIONS - TG's non-guarantor operations include various endeavors related to promoting access to higher education, including TG's philanthropic activities. Significant highlights are described below. Providing extra support to schools and borrowers: In September 2013, the Department of Education released the latest official 2- and 3-year cohort default rates, which measure the number of borrowers who enter repayment in a fiscal year and default within the next year (for 2-year rates) to two years (for 3-year rates). National rates have trended up over time, causing concern in the broader higher education community. In response, many schools are supplementing their borrower outreach efforts with third-party, for-fee servicers like TG's HigherEDGE Default Aversion Solutions. HigherEDGE offers comprehensive support to schools and their borrowers, including a dedicated call center, consulting on effective default prevention practices, online reporting tools for monitoring and managing default, and support in drafting a strategic default management plan. Since its debut, HigherEDGE has proved an important resource to schools, providing crucial help in returning borrowers to repayment. In the last year, the HigherEDGE team doubled the number of its school customers and debuted a mobile-friendly version of its website for borrowers on the go. Offering resources based on research and study: In 2012, TG's Research and Analytical Services team produced a paper, "Balancing Passion and Practicality: The Role of Debt and Major on Students' Financial Outcomes," that considered how a student's choice of major can affect his or her ability to repay education debt. In 2013, TG capitalized on this research by developing an online tool, Major Choices, which supplies an estimate of the median debt-to-income ratios for particular majors at many public colleges and for-profit institutions within Texas. The tool provides a simple way to project student loan payment as a portion of first-year earnings. It also helps students consider how pursuing particular majors at particular schools may affect their bottom line after graduation. Given the growth in college costs and loan debt levels, this Web-based tool has earned national attention. It offers an example of how to put statistical research at the command of students and borrowers weighing the costs and benefits of a worthwhile but long-term investment like college. Providing insight about the causes of high debt: Understanding why student loan debt is on the rise is a priority for many higher education organizations, including TG. Recently, TG's research team analyzed some national data on college costs and came up with some startling results. The research flyer, A Brief Look at Transfer Students and Financial Aid, summarizes this research, which calls into question the received wisdom that bachelor's degree-seeking students save money by starting at a community college. Instead, TG's research reveals that students who start at a two-year college, then transfer and graduate from a four-year university, borrow as often and as much as students who begin at the university level. In the case of private, four-year schools, the amount borrowed is higher for transfer students. One possible cause is that students who start at four-year schools receive more in financial aid from schools than their transfer peers. These findings have caught the attention of the higher education community and spurred other organizations to look closer at borrowing levels among student groups. TG will expand on its findings in an upcoming research paper. TG Philanthropy: In the last year, TG made substantial financial contributions to a variety of higher education initiatives. In FY 2011, TG pledged $25 million to the newly established T-STEM Challenge Scholarship Program. In the last fiscal year, TG fulfilled the balance of its pledge with a contribution of $19.2 million. The program will help students from community and two-year public colleges pursue degrees and certifications in science, technology, engineering, and mathematics, or STEM. In FY 2013, TG contributed $30 million to the TEXAS (Towards EXcellence, Access, and Success) Grant Program, which brings TG's total contribution to the program to $50 million. The TEXAS Grant Program provides higher education grants to eligible students who need financial help to pursue a higher education. As the state's largest financial aid program, the TEXAS Grant Program is an important component of the state's Closing the Gaps by 2015 campaign. In cooperation with the State of Texas, TG contributed $248 million to establish an endowment for the Hazlewood Act Legacy Program (Veterans Education Assistance Fund), which provides higher education funds to qualified veterans and their families. The Hazlewood Act is a State of Texas benefit that offers veterans, their spouses, and dependent children with an education benefit of up to 150 hours of tuition exemption, including most fee charges, at public higher education institutions in Texas. Offering targeted support to break down barriers to a higher education Since 2005, the TG Philanthropy Program has provided competitive grants to institutions and nonprofit organizations working to raise college enrollment and graduation rates. Grants help, either directly or indirectly, students from low- to moderate-income families as well as first-generation college students and students from populations underserved by higher education. In 2013, TG awarded $7.3 million in competitive grants to 33 institutions and nonprofit organizations to advance postsecondary access and completion, and help support educational research. To date, TG has awarded more than $44.3 million through the TG Philanthropy Program. Awards help fund a variety of initiatives, including need-based grants to students; student mentoring and internships; pre-college outreach to students and families; and education research. SIGNIFICANT CHANGES TO GOVERNING DOCUMENTS FORM 990, PART VI, SECTION A, LINE 4 Texas Guaranteed Student Loan Corporation (TG) was formed by an Act of the Texas State Legislature and was governed by Texas state statutes. Effective September 3, 2013, new legislation was enacted that converted TG from a public nonprofit corporation to a nonprofit corporation. The conversion was effectuated by filing a Certificate of Conversion with the Texas Secretary of State. This was purely an administrative matter that did not impact the corporate structure or the operations of TG. TG has received a private letter ruling from the IRS confirming that the conversion did not create a new entity and therefore TG is not required to submit a new Application for Determination of Exempt Status. Following the conversion, TG is managed by its board of directors. Directors are elected by the board and are subject to term limitations. PROCESS OF REVIEWING THE 990 FORM 990, PART VI, SECTION B, LINE 11B: TG'S ACCOUNTING DEPARTMENT WORKS WITH ITS CPA FIRM TO PREPARE THE 990. ONCE A FINAL DRAFT IS AVAILABLE, IT IS SUBMITTED TO EXECUTIVE MANAGEMENT (INCLUDING THE CFO) FOR REVIEW. ONCE ALL QUESTIONS HAVE BEEN RESOLVED, THE RETURN, IN ITS FINAL FORM, IS PRESENTED TO THE TG BOARD OF DIRECTORS; AT WHICH TIME MANAGEMENT WILL HIGHLIGHT SIGNIFICANT SECTIONS OF THE RETURN AND ANSWER ANY QUESTIONS THAT MAY ARISE.
ENFORCEMENT OF CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C: TG'S CODE OF BUSINESS CONDUCT IS A POLICY WHICH ALL EMPLOYEES, OFFICERS AND DIRECTORS MUST AGREE TO. WITHIN THE CODE OF BUSINESS CONDUCT, MANAGERS, KEY EMPLOYEES, OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE ANY BUSINESS INTERESTS OUTSIDE OF TG, AND REAFFIRM EACH YEAR. TG'S LEGAL COUNSEL PROACTIVELY REVIEWS AND ACTS ON POTENTIAL CONFLICTS. ACTUAL CONFLICTS, SHOULD THEY OCCUR, MAY RESULT IN DISCIPLINARY ACTION, UP TO AND INCLUDING TERMINATION AND POSSIBLE CRIMINAL PROSECUTION. TG TEAM MEMBERS ARE REQUIRED TO COMPLETE PERIODIC TRAINING AS IT RELATES TO TG'S CODE OF BUSINESS CONDUCT.
COMPENSATION DETERMINATION PROCESS FORM 990, PART VI, SECTION B, LINE 15A & 15B PART VI, LINE 15A: TG contracts with a third party consultant to provide benchmark data for TG employees and officers, including annual compensation studies which are presented to the TG Board of Directors for their review. The third party consultants use compensation data for similarly qualified persons in the comparable positions for both officers and key employees at similar organizations. Documentation to support benchmark decisions regarding compensation arrangements for all employees is retained. The officer and employee positions for which the benchmarking process is used to establish compensation occurs annually. The Board of Directors specifically reviews Senior Management compensation benchmarks and approves annual adjustments and/or merit increases as recommended by the President/CEO. Annually, the Board makes specific decisions on the President/CEO's salary.
DISCLOSURE OF DOCUMENTS FORM 990, PART VI, SECTION C, LINE 19: TG'S CODE OF BUSINESS CONDUCT, AS WELL AS ITS ANNUAL REPORT, IS AVAILABLE TO ALL EMPLOYEES AND THE GENERAL PUBLIC VIA TG'S WEBSITE, WWW.TGSLC.ORG, OR UPON REQUEST.
GENERAL STATEMENT 4 FORM 990, PART VII, SECTION B: INDEPENDENT CONTRACTORS NAME AND ADDRESS DESCRIPTION OF SERVICES COMPENSATION ----------------------------------------------------------------------- EDUCATION ASSISTANCE SVCS DEBT COLLECTOR 3,403,400. 3500 C WADLEY PL STE 301 AUSTIN, TX 78728 ACCOUNT CONTROL TECHNOLOGIES DEBT COLLECTOR 2,566,672. 6818 OWENSMOUTH AVE CANOGA PARK, CA 91309 REGIONAL ADJUSTMENT BUREAU DEBT COLLECTOR 2,358,923. 3009 DAVIS PLANTATION ARLINGTON, TX 38002 GENERAL REVENUE CORP DEBT COLLECTOR 2,041,197. 11501 NORTHLAKE PL CINCINNATI, OH 45249 VAN RU CREDIT CORP DEBT COLLECTOR 1,362,621. BOX 1109 SKOKIE, IL 60076-5109 --------------- TOTAL COMPENSATION 11,732,813. ---------------
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2012

Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.
MediumBulletAttach to Form 990. MediumBullet See separate instructions.

OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
TEXAS GUARANTEED STUDENT LOAN CORP
 
Employer identification number

74-2094204
Part I
Identification of Disregarded Entities (Complete if the organization answered "Yes" to Form 990, Part IV, line 33.)
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income


 		(e)
End-of-year assets


 		(f)
Direct controlling
entity










Part II
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.)
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


 		(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No












For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2012
Schedule R (Form 990) 2012
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.)
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V—UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.)
(a)
Name, address, and EIN of
related organization
 		(b)
Primary activity
 		(c)
Legal
domicile
(state or foreign
country)
 		(d)
Direct controlling
entity
 		(e)
Type of entity
(C corp, S corp,
or trust) 		(f)
Share of total income
 		(g)
Share of end-of-year
assets
 		(h)
Percentage
ownership
 		(i)
Section 512(b)(13) controlled entity?
Yes No
(1) EDUCATION ASSISTANCE SERVICES INC

PO BOX 6714
ROUND ROCK,TX78683
74-2748786 		COLLECTION AG TX NA
  		C 3,730,800 1,102,023 100.000 % Yes  












Schedule R (Form 990) 2012
Schedule R (Form 990) 2012
Page 3
Part V
Transactions With Related Organizations (Complete if the organization answered "Yes" to Form 990, Part IV, line 34, 35b, or 36.)
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest (ii) annuities (iii) royalties or (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
Yes
 
b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
Yes
 
c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
 
No
d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
 
No
e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
 
No
f Dividends from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
No
g Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
No
h Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
No
i Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
Yes
 
k Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1k
 
No
l Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .
1l
Yes
 
m Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .
1m
Yes
 
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .
1n
 
No
o Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
Yes
 
p Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
 
No
q Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
 
No
r Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
 
No
s Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1s
 
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of other organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) EDUCATION ASSISTANCE SERVICES INC

 A, J 58,654 FMV
(2) EDUCATION ASSISTANCE SERVICES INC

 L, O 106,792 FMV
(3) EDUCATION ASSISTANCE SERVICES INC

 B 250,000 FMV
(4) EDUCATION ASSISTANCE SERVICES INC

 M 3,686,382 FMV


Schedule R (Form 990) 2012
Schedule R (Form 990) 2012
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" to Form 990, Part IV, line 37.)
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income (related, unrelated, excluded from tax under section 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V—UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) 2012
Schedule R (Form 990) 2012
Page 5
Part VII
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule R (see instructions).
Identifier Return Reference Explanation

Additional Data


Software ID:  
Software Version: