1640-01-01-.03
Financial Need
Cite as Tenn. Comp. R. & Regs. 1640-01-01-.03
(1)
The parent’s or student’s EFC shall be measured using the same guidelines as those used in
determining eligibility for assistance under the Federal Pell Grant Program.
TENNESSEE STUDENT ASSISTANCE PROGRAM
CHAPTER 1640-01-01
(2)
The maximum award paid each year shall be based on available funds and shall be
determined by the TSAC Board of Directors. TSAC shall develop and publish the payment
table annually.
(3)
TSAC will establish a maximum EFC level based on anticipated appropriations. Students with
an EFC equal to or less than the maximum amount will receive award commitments until
appropriated funds are exhausted.