Amends TCA Title 4 and Title 49.
Tennessee HB0408 amends the governance structure of the Tennessee Student Assistance Corporation (TSAC) by removing it from the Tennessee Higher Education Commission (THEC) and designating THEC as its governing board effective July 1, 2025. The bill also terminates the Tennessee Teaching Scholars Program and the Minority Teaching Fellows Program on the same date, while allowing TSAC to administer the remaining loan requirements for these programs. Additionally, it expands the membership of THEC's review committee to include the president of the Tennessee Independent Colleges and Universities Association for specific purposes related to financial aid and the higher education master plan.
Tennessee HB0408 amends the governance structure of the Tennessee Student Assistance Corporation (TSAC) by removing it from the Tennessee Higher Education Commission (THEC) and designating THEC as its governing board effective July 1, 2025. The bill also terminates the Tennessee Teaching Scholars Program and the Minority Teaching Fellows Program on the same date, while allowing TSAC to administer the remaining loan requirements for these programs. Additionally, it expands the membership of THEC's review committee to include the president of the Tennessee Independent Colleges and Universities Association for specific purposes related to financial aid and the higher education master plan.
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