Tennessee Student Assistance Corporation
Awards are for a forgivable loan and are subject to available funding. Awards will be prorated for students enrolled less then full time. Awards are made in equal installments each term throughout the academic year. Awards may be renewed for up to three additional years providing the student maintains a grade point average of 2.75 or higher.
The number of awards offered each year varies based on the number of eligible students and level of funding. In the 2013-2014 academic year (the most recent year for which data is available), there were 157 awards given.
The Tennessee Teaching Scholars Program is intended to encourage exemplary students to enter the teaching field in Tennessee. Awards are very competitive and based on funding. Renewal applicants are given first priority. Those who accept the award must sign a promissory note and in doing so incur an obligation to teach PreK-12th grade in a Tennessee public school for one year for each year an award is received. Recipients must be employed as a full-time teacher to be considered for forgiveness. If recipients do not meet this obligation, the award must be repaid to TSAC. Repayment will begin if the recipient does not complete the plan of study or is not employed at an eligible PreK-12 school. Interest accrues at 9 percent from the date of each disbursement.
Applications are available from the Tennessee Student Assistance Corporation (TSAC) College Pays website. In addition to a completed online application, the student must also submit the following mat ... sign up for full scholarship deadline information.