SB0686 amends Tennessee Promise scholarship rules, creating a special account for completion grants and modifying eligibility criteria.
SB0686 amends Tennessee Code to create a special account for Tennessee Promise completion grants, ensuring a minimum balance of $250,000. It prohibits using state lottery proceeds for these grants and allows using funds from the qualified work-based learning grant. The bill also modifies eligibility criteria for completion grants, limiting them to $1,000 per semester for students receiving federal Pell grants. The changes take effect upon becoming law.
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