Section 0800-02-28-.08 - AWARD AMOUNTS(1) The award amount shall be limited to expenses provided by T.C.A. § 50-6-208(j)(2), including tuition and mandatory fees.(2) Amounts paid to an eligible educational institution shall be applied to the recipient's student account balance after registration for coursework and after all other sources of financial aid, not including loans or other forms of student debt, are applied.(3) The total amount paid on behalf of any recipient shall not exceed more than $5,000 per fiscal year, nor shall it exceed more than $20,000 per recipient for all years.(4) The total aggregate amount to be paid from the Fund to all recipients shall not exceed $500,000 in any calendar year.(5) The Program may award amounts less than the maximum allowed by this section.Tenn. Comp. R. & Regs. 0800-02-28-.08
Original rules filed September 4, 2018; effective 12/3/2018.Authority: T.C.A. §§ 50-6-208 and 50-6-233.
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