CHATTANOOGA (AP) - Students flooding the Tennessee Student Assistance Corp. with applications for financial aid have created a $15 million financial shortfall for the agency, its director said.
The TSAC has requested additional funding from the state. The Senate Education Committee last week approved the money, but the measure must be approved by both houses in the General Assembly.
The corporation was allocated $41 million for student grants, which will be depleted earlier than last year because of the new lottery scholarships, officials said.
Applications for the FAFSA have more than doubled from this time last year, with 64,917 students seeking aid compared to 26,741, officials said.
Influx of applications leaves financial shortfall
Published: Tue Mar 23, 2004 | Modified: Sat Aug 06, 2005 05:57 p.m.