Plain English Breakdown
The bill summary text does not provide detailed information about what happens to TSAC after July 1, 2025.
Changes to Tennessee Education Laws
This bill changes how certain education programs and organizations are run in Tennessee.
What This Bill Does
- Removes the Tennessee Student Assistance Corporation (TSAC) from being part of the Tennessee Higher Education Commission (THEC).
- Makes THEC responsible for TSAC's governing board starting July 1, 2025.
- Adds a requirement for THEC’s review committee to help develop or revise state financial aid programs.
- Includes the president of the Tennessee Independent Colleges and Universities Association in the review committee only for certain tasks.
- Ends the Tennessee Teaching Scholars program on July 1, 2025, except for handling remaining loans.
- Ends the Minority Teaching Fellows program on July 1, 2025, except for handling remaining loans.
Who It Names or Affects
- The Tennessee Higher Education Commission (THEC)
- Tennessee Student Assistance Corporation (TSAC)
- People involved in state financial aid programs
- Teachers and students participating in the Teaching Scholars program
- Individuals participating in the Minority Teaching Fellows program
Terms To Know
- Tennessee Higher Education Commission (THEC)
- A group that oversees higher education in Tennessee.
- Tennessee Student Assistance Corporation (TSAC)
- An organization that helps with student financial aid and loans.
Limits and Unknowns
- The bill does not specify what will happen to TSAC after July 1, 2025.
- It is unclear how the changes will affect current students or teachers in the programs being terminated.