The Tennessee Student Assistance Corporation (TSAC) was created by the Tennessee General Assembly in 1974 as a non-profit corporation with the merging of the Tennessee Educational Loan Corporation and the Tennessee Tuition Grant Program.
The Tennessee Student Assistance Corporation is Tennessee's designated federal guaranty agency responsible for the administration of post secondary educational loan programs authorized by the Title IV of the Higher Education Act of 1965, and further authorized by Tennessee Code Annotated Section 49-4-404. TSAC also administers other state and federal student assistance programs, including the popular HOPE Scholarship program. The HOPE Scholarship is a lottery-funded merit-based award. Tennessee high school graduates qualify for this $4,000/year award by graduating from high school with a 3.0 GPA or an ACT test score of 21. The award is renewable to those who maintain a college GPA of 2.75 after 24 credits, and a 3.0 GPA thereafter.
TSAC is administered by a seventeen member Board of Directors. Its daily operation is managed by an Executive Director and five Associate Executive Directors. Total staff number about 55.
Current senior staff include Executive Director Robert W. Ruble, Associate Executive Director for Grants and Scholarships Tim Phelps, Associate Executive Director for Loan Programs Levis Hughes, Associate Executive Director for Business Affairs Mason Ball, Associate Executive Director for Compliance and Legal Affairs Tom Bain, and Associate Executive Director for Communication Services Jeri Fields
Famous quotes containing the words corporation, assistance and/or student:
“What I am anxious to do is to get the best bill possible with the least amount of friction.... I wish to avoid [splitting our party]. I shall do all in my power to retain the corporation tax as it is now and also force a reduction of the [tariff] schedules. It is only when all other efforts fail that Ill resort to headlines and force the people into this fight.”
—William Howard Taft (18571930)
“Each [side in this war] looked for an easier triumph, and a result less fundamental and astounding. Both read the same Bible, and pray to the same God; and each invokes His aid against the other. It may seem strange that any men should dare to ask a just Gods assistance in wringing their bread from the sweat of other mens faces; but let us judge not that we be not judged.”
—Abraham Lincoln (18091865)
“They tend to be suspicious, bristly, paranoid-type people with huge egos they push around like some elephantiasis victim with his distended testicles in a wheelbarrow terrified no doubt that some skulking ingrate of a clone student will sneak into his very brain and steal his genius work.”
—William Burroughs (b. 1914)