Tenn. Comp. R. & Regs. 1640-01-14-.07 - REFUND POLICY
(1) If a recipient
of a Dependent Children Scholarship award fails to complete a semester for any
reason, the eligible postsecondary institution shall apply its refund policy to
determine whether a refund may be required and whether funds must be returned
to TSAC. The eligible postsecondary institution shall provide the student with
a notice indicating the amount to be returned to the student and the amount to
be refunded to TSAC. Additionally, the eligible postsecondary institution shall
notify TSAC of the refund, which shall be noted on the student's record. The
eligible postsecondary institution shall also be responsible for obtaining
repayment from the student if necessary. The student shall be ineligible for
student aid from TSAC until the refund is paid.
Notes
Authority: T.C.A. ยงยง 49-4-203 and 49-4-704.
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