- (1) If the sum of all financial aid, including a Tennessee STEP UP Scholarship, for which a student qualifies exceeds the institutionally defined total cost of education at the eligible postsecondary institution the scholarship recipient is attending, then the student’s Tennessee STEP UP Scholarship shall be reduced so that the financial aid received by the student does not exceed the institutionally defined cost of education.
Authority: T.C.A. §§ 49-4-201 and 49-4-204. Administrative History: Original rule filed December 27, 2013; effective May 31, 2014. Amendments filed November 22, 2024; effective February 20, 2025.