Tennessee Hope Scholarship Eligibility Requirements For 2023
What is the Tennessee Hope Scholarship?
The Tennessee Hope Scholarship is a merit-based scholarship program designed to provide financial assistance for Tennessee students who demonstrate a commitment to academic excellence. The scholarship is funded by state lottery proceeds and is administered by the Tennessee Student Assistance Corporation (TSAC). The Tennessee Hope Scholarship is available to graduating high school seniors who meet the eligibility requirements and is renewable for up to four years of college.
Eligibility Requirements
In order to be eligible for the Tennessee Hope Scholarship, a student must meet the following criteria:
- Be a legal resident of Tennessee
- Be a graduating high school senior
- Have a minimum core grade point average of 3.0
- Have a minimum 19 on the ACT or a 990 on the SAT
- Enroll as a full-time student in an eligible Tennessee college or university within 16 months of graduating from high school
- Not exceed the Tennessee Hope Scholarship program’s income limit
Income Limit
The Tennessee Hope Scholarship program has an income limit that determines eligibility. In order to qualify for the scholarship, a student’s family must have an income of no more than $36,000 per year. The income limit is based on the previous year’s federal income tax return.
Renewal Requirements
The Tennessee Hope Scholarship is renewable for up to four academic years of college. In order to renew the scholarship, a student must meet the following requirements:
- Maintain a minimum 3.0 grade point average at the college or university
- Complete 30 hours of college coursework each academic year
- Enroll as a full-time student in an eligible Tennessee college or university
- Not exceed the Tennessee Hope Scholarship program’s income limit
Scholarship Amount
The Tennessee Hope Scholarship pays tuition and mandatory fees up to a maximum of $4,000 per academic year and $16,000 for four years. The scholarship amount is based on the student’s college or university’s tuition and mandatory fees. The scholarship will be prorated if a student enrolls in fewer than 30 credit hours per academic year.
Application Process
The Tennessee Hope Scholarship is awarded on a first-come, first-served basis. Applications must be submitted to TSAC by June 1 of the student’s senior year of high school. The Tennessee Hope Scholarship is only available to Tennessee residents and is not transferable to out-of-state schools.
Additional Resources
The Tennessee Hope Scholarship program is funded by the state lottery. To learn more about the Tennessee Hope Scholarship and other financial aid programs, visit the Tennessee Student Assistance Corporation website. You can also contact your high school guidance counselor or college financial aid office for more information.
Conclusion
The Tennessee Hope Scholarship is a great way for Tennessee residents to get financial assistance for college. The scholarship is open to graduating high school seniors who meet the eligibility requirements and is renewable for up to four years of college. To apply for the Tennessee Hope Scholarship, students must submit their applications to TSAC by June 1 of their senior year of high school. For more information about the Tennessee Hope Scholarship, contact your high school guidance counselor or college financial aid office.
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