Tenn. Comp. R. & Regs. 1640-01-26-.15 - REFUND POLICY

(1) If a recipient of a Tennessee Promise 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

Tenn. Comp. R. & Regs. 1640-01-26-.15

Emergency rule filed August 14, 2014; effective through February 10, 2015. Original rule filed August 14, 2014; effective November 12, 2014. Amendments filed August 7, 2023; effective November 5, 2023. Rule was previously numbered 1640-01-26-.16 but was renumbered 1640-01-26-.15 with the deletion of rule 1640-01-26-.05 filed November 22, 2024; effective 2/20/2025.

Authority: T.C.A. §§ 49-4-201, 49-4-204, and 49-4-708.