Rules & Regulations of the State of Tennessee
Title 1640 - Student Assistance Corporation
Chapter 1640-01-01 - Tennessee Student Assistance Program
Section 1640-01-01-.03 - FINANCIAL NEED
Universal Citation: TN Comp Rules and Regs 1640-01-01-.03
Current through September 24, 2024
(1) The parent's or student's EFC shall be measured using the same guidelines as those used in determining eligibility for assistance under the Federal Pell Grant Program.
(2) The maximum award paid each year shall be based on available funds and shall be determined by the TSAC Board of Directors. TSAC shall develop and publish the payment table annually.
(3) TSAC will establish a maximum EFC level based on anticipated appropriations. Students with an EFC equal to or less than the maximum amount will receive award commitments until appropriated funds are exhausted.
Authority: T.C.A. §§ 49-4-201, 49-4-204 and 49-4-301.
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