Bill > SB1085

This bill amends Tennessee's higher education code to expand eligibility for state lottery-funded financial aid by modifying the definition of qualifying private postsecondary institutions. Specifically, the bill allows private colleges located primarily in Tennessee that are either already accredited or are currently candidates for accreditation by a regional accrediting association to serve as institutions where students can receive state lottery-based financial aid. The previous version of the law likely had more restrictive requirements about institutional accreditation status. By broadening the definition, the bill creates more opportunities for students at newer or developing private colleges to access Tennessee lottery scholarship funds. The changes will take effect on July 1, 2025, which gives institutions and educational administrators time to prepare for the new eligibility criteria. The bill appears designed to provide additional financial support and educational opportunities for students at a wider range of private postsecondary institutions within the state.

Budget and Finance, Education

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB1085&ga=114