Amends TCA Title 4 and Title 49.
Tennessee SB0689 amends the Tennessee Code Annotated by restructuring the Tennessee Student Assistance Corporation (TSAC) and its governance. The bill removes TSAC from being operated as a division within the Tennessee Higher Education Commission (THEC) and establishes THEC as the governing board for TSAC effective July 1, 2025. Key provisions include the termination of the TSAC governing board, the addition of the president of the Tennessee Independent Colleges and Universities Association to THEC's review committee, and the termination of the Tennessee Teaching Scholars and Minority Teaching Fellows programs, while allowing TSAC to administer outstanding loans from these programs.
Tennessee SB0689 amends the Tennessee Code Annotated by restructuring the Tennessee Student Assistance Corporation (TSAC) and its governance. The bill removes TSAC from being operated as a division within the Tennessee Higher Education Commission (THEC) and establishes THEC as the governing board for TSAC effective July 1, 2025. Key provisions include the termination of the TSAC governing board, the addition of the president of the Tennessee Independent Colleges and Universities Association to THEC's review committee, and the termination of the Tennessee Teaching Scholars and Minority Teaching Fellows programs, while allowing TSAC to administer outstanding loans from these programs.
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