(1) Definitions. As used in these regulations
(Chapter 1640-01-13):
(a) Academic year: A
period of time, typically nine (9) months, and is composed of two (2)
semesters.
(b) Act: T.C.A. §
49-4-706 as found in Public
Chapter 202 of the Public Acts of 1989.
(c) Default: The failure of a recipient in
repayment status to make installment payments for a period of two hundred
seventy (270) consecutive days.
(d)
Deferment: A period of time in which the student's payments may be postponed,
pursuant to Rule 1640-01-13-.05.
(e) 'Eligible schools: Tennessee public
schools approved by the Tennessee State Board of Education in which recipients
may teach for cancellation credit towards their loans at a prekindergarten,
kindergarten, elementary, or secondary level in Tennessee.
(f) Full-time teaching: A minimum of fifty
percent (50%) of the recipient's weekly workload is devoted to teaching,
exclusive of administrative, teaching assistance, after-school programs,
counseling, or other assigned duties.
(g) Full year of teaching service: Two (2)
semesters of full-time teaching. Recipients must teach at least ninety (90)
days each semester, or one hundred eighty (180) days for the academic
year.
(h) Grace period: A period of
one (1) year that shall begin on the date the student completes his or her plan
of study.
(i) Minority A person who
is Black or African American, a person having origins in any of the black
racial groups of Africa; Hispanic or Latino, a person of Mexican, Puerto Rican,
Cuban, Central or South American, or other Spanish culture or origin,
regardless of race; Asian American, a person having origins in any of the
original peoples of the Far East, Southeast Asia, the Indian subcontinent;
Native Hawaiian or Other Pacific Islander, a person having origins in the
Pacific Islands; or American Indian or Alaska Native, a person having origins
in any of the original peoples of North America.
(j) Plan of study: A plan of enrollment
within which the applicant may complete requirements for licensure in an
eligible field of study. The plan is transferable among Tennessee higher
education institutions provided such transfer is approved by the receiving
institution.
(k) Promissory Note: A
signed statement certifying a candidate's intent to become a teacher in a
public school system of Tennessee at the prekindergarten, kindergarten,
elementary, or secondary level and their obligation to repay the loan should
they fail to fulfill the teaching requirements.
(l) Repayment period: A period of not more
than ten (10) years in which the loan will be repaid and shall begin at the end
of the grace period, or when TSAC determines that the recipient has not
complied with the requirements of the Act.
(m) Satisfactory progress: A standard of
progress toward completion of the pursued plan of study during which the
student maintains at least a 2.5 cumulative grade point average (GPA) or, if
required by the institution attended, a higher GPA. After two (2) or more
semesters of attendance, if a student's cumulative GPA is no more than 0.1
below the required GPA, the student may continue on probation for one (1)
semester. After the probation semester, the cumulative GPA must be at least
2.5, or higher if required by the institution attended. The student may have
only one (1) semester of probation during eight (8) semesters of eligibility in
the program.
(n) TSAC: Tennessee
Student Assistance Corporation.
(2) All recipients must attend a Tennessee
college or university on a full-time basis as determined by the institution's
written policies to be eligible, excluding periods of internship and/or student
teaching. During such periods of internship and/or student teaching, recipients
must be enrolled at least half-time, but may be enrolled less than full-time as
mandated by the written policies of the educational institution.
(3) Funds received from this program are
considered financial assistance for purposes of determining student assistance
eligibility under programs authorized by Title IV of the Higher Education Act
of 1965, as amended.
(4) All such
loans shall be evidenced by notes payable to TSAC.
(5) Any applications received or approved
shall be subject to the availability of funds.
(6) Applications must be submitted on
TSAC-approved forms by April 15, which immediately precedes the academic year
for which the student is applying. The April 15 cut-off date may be extended by
the TSAC Associate Executive Director for Grant and Scholarship Programs should
it be determined necessary for the purpose of utilizing all available
funds.
