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The Financial Aid Simplification for Tennesseans (FAST) Act

December 2020

Author: Kristina Podesta

Legislative Brief

Public Chapter 794 (2020), called the Financial Aid Simplification for Tennesseans (FAST) Act, was unanimously passed by the Tennessee General Assembly in June 2020 and has broad implications for higher education.

As explained in this legislative brief, the FAST Act affects over a dozen financial aid programs, adds to the powers of the Tennessee Higher Education Commission (THEC), and clarifies the purpose and structure of the Tennessee Student Assistance Corporation (TSAC), among other changes.