Haslam Signs TSAC Bill Establishing Need-Based Grants

Thursday, July 11, 2013

Governor Bill Haslam on Thursday formally signed bill SB0194/HB0188 establishing an endowment of at least $35 million through the Tennessee Student Assistance Corporation (TSAC) to provide need-based grants for students at the state’s two-year public community colleges.

“For us to attract and grow Tennessee jobs today and in the future, we have to do a better job of building a skilled workforce, which means removing barriers that stand in the way of Tennesseans furthering their education,” Governor Haslam said during the ceremonial bill signing at Chattanooga State Community College.  “These scholarships will help students afford college who might not otherwise be able to attend.”

This bill, which was part of the governor’s legislative agenda this year, is a component of his “Drive to 55” initiative to increase the number of Tennesseans with at least a two-year college degree or certificate.  Today, 32 percent of Tennesseans have a two-year degree or higher, and his goal is to raise that to number to 55 percent by 2025.

A portion of Tennessee’s operating fund for administering the Federal Family Education Loan Program (FFELP) is being used to establish the endowment.  TSAC will work with the Tennessee Department of Treasury to set the best investment option for the endowment, and grant payments will be made directly to the community college on behalf of grant recipients.

Financial need will be calculated based on a variety of factors including: household income; assets; and family size.  These grants will be available to eligible students attending Tennessee’s public community colleges.

TSAC will regularly perform audit reviews to ensure program compliance.


LAUNCH Has Youth Entrepreneurship Competition Sunday

LAUNCH is holding their 6th annual Youth Entrepreneurship Competition on Sunday at 4 p.m. in UTC's Benwood Auditorium. Students from Howard High School, Brainerd High School, Tyner Academy, East Ridge High School, and Red Bank High School have been working on their business plans this fall semester, and will be pitching their businesses to a panel of esteemed judges for three ... (click for more)

STEM Network And TVA Provide STEM Grants To Schools

Chattanooga and Cleveland schools are among the 18 statewide recipients of the yearly competitive STEM classroom grants that the Tennessee STEM Innovation Network (TSIN), Battelle Education, and the Tennessee Valley Authority (TVA) announced Thursday.  (A complete list of schools funded appears at the end of this article.)   Since 2012, the TSIN and TVA have ... (click for more)

Signal Mountain Council Looking Into Taking Over Schools

A new group of Signal Mountain Town Council members is looking into taking over county schools within the town boundaries.   Two newly elected board members, Amy Speek and Dan Landrum, joined the council Friday afternoon at the first work session after the election. The election of mayor and vice mayor for the next two years came first on the agenda. Dick Gee, mayor ... (click for more)

East Ridge Meth Dealer Gets 168 Months In Federal Prison

A man that agents said was dealing large quantities of meth from his East Ridge residence has been sentenced to serve 168 months in federal prison. Kenneth Lemons appeared before Judge Curtis Collier. Agents said they made several controlled drugs buys from Lemons at his residence in 2015. On Oct. 27, 2015, he drove up to a residence where DEA agents were making a controlled ... (click for more)

Signal Mountain Couldn't Manage Public Education

I have been reading the buzz about Signal Mountain and other small municipalities considering a move to form their own school district within their municipal boundaries.  It is quite the comedy hour considering the notion that small cities that for decades could not even manage small sewer systems or 911 districts, are somehow going to do a better job with public education ... (click for more)

Roy Exum: Among The Worst In U.S.

Bobby Bragan, who was the first manager of Major League Baseball’s Braves when they moved from Milwaukee to Atlanta, had a great view on statistics: “Say you were standing with one foot in the oven and one foot in an ice bucket. According to the percentage people, you should be perfectly comfortable.” I am about to make you uncomfortable with some lousy statistics. Earlier this ... (click for more)