Tennessee Student Assistance Corporation

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The Tennessee Student Assistance Corporation (TSAC) was established by the Tennessee General Assembly in 1974 as a non-profit corporation with the incorporation of Tennessee Educational Loan Corporation and Tennessee Tuition Grant Program.

Tennessee Student Assistance Corporation is Tennessee's designated federal guarantees agency responsible for administration of secondary education loan programs authorized by Title IV of the Higher Education Act of 1965, and subsequently authorized by Tennessee Code Annotated Section 49-4-404. TSAC also manages other state and federal student assistance programs, including the popular HOPE scholarship program. The HOPE scholarship is an award based on a lottery-funded achievement. A Tennessee high school graduate qualifies for this $ 4,000/year award by graduating from high school with a GPA of 3.0 or an ACT 21 test score. This award can be updated for those who maintain a college GPA of 2.75 after 24 credits, and 3.0 GPA afterwards.

TSAC is administered by seventeen members of the Board of Directors. Its daily operations are managed by the Executive Director and five Executive Directors. Total staff total about 55.

Senior staff today include Executive Director Robert W. Ruble, Executive Director of the Association for Grants and Scholarship Tim Phelps, Executive Director of the Association for Levis Hughes Loan Program, Executive Director of the Mason Ball Business Association, Executive Director of the Association for Compliance and Legal Affairs Tom Bain, and Associate Executive Director for Jeri Fields Communication Services