Tennessee Student Assistance Awards: (Promulgated Rules) (FAFSA Application)

The Tennessee Student Assistance Award Program (TSAA) was established to provide non-repayable financial assistance to financially-needy undergraduate students who are residents of Tennessee. Applicants must be enrolled or accepted for enrollment, at least half-time, at a public or an eligible non-public postsecondary institution in Tennessee.

To be eligible, the applicant must:

• complete a Free Application for Federal Student Aid (FAFSA), and
  
• be a Tennessee resident, and
  
• be enrolled at least half time at an eligible Tennessee postsecondary institution, and
  
• maintain institutional satisfactory academic progress, and
  
• not be in default on a loan or owe a refund on any grant previously received at any institution.
  

To receive priority consideration, students must submit a Free Application for Federal Student Aid (FAFSA) by March 1.

Maximum award amounts are determined by the TSAC Board of Directors prior to the beginning of the fall term.  The final amount is determined by the institution.  The financial aid office may revise the amount of the award for one of the following reasons:

Overaward - the TSAA is one of several government-funded programs of financial aid for students.  A variety of privately funded programs are also available as well as the assistance many parents are able to provide their children.  TSAC policy requires the institution to certify that each recipient’s aid, when combined with other resources, does not exceed the cost of attending the institution.  If a situation arises in which a student’s aid and resources exceed the cost of attendance, the financial aid office at the institution must reduce or cancel the award to prevent an overaward.

Change in the Expected Family Contribution (EFC) - the TSAA is based on a student’s EFC and the tuition and mandatory fees assessed at the institution. When the financial aid office receives adjustments to the EFC that is on file with TSAC, the financial aid office is required to adjust the award accordingly.

Part Time Enrollment – TSAA’s initial award is based on full time enrollment. The student’s institution will certify each term of enrollment and if a student is enrolled less than full time the institution must adjust the award accordingly.

Early Withdrawal – award recipients who withdraw prior to the completion of a term may have a portion of the award returned in accordance with the institution’s published refund policy.

Award recipients must use the TSAA for educational expenses.  Funds are disbursed to the institution on behalf of the recipient and will be credited to the student’s account.

Awards are subject to recipients maintaining satisfactory academic progress according to the standards and practices of the institution.  Award recipients may receive awards for the following:

         4-Year Program up to 8 semesters or 12 quarters;
         3-Year Program up to 6 semesters or 9 quarters;
         2-Year Program up to 4 semesters or 6 quarters;
         1-Year Program up to 2 semesters or 3 quarters; or
         6-Month Program up to 1 semester or 2 quarters.

Eligibility for the award terminates when a student has completed his or her program of study.

Eligible Institution: award recipients must attend an eligible Tennessee school, college or university and be enrolled at least half time.  For a list of eligible institution please click here.

Since available funding is insufficient to reach all eligible applicants, early filing of the FAFSA is recommended. First priority is given to U.S. citizens.