TSAC was created by the Tennessee General Assembly in 1974 as a non-profit corporation with the merging of the Tennessee Educational Loan Corporation and the Tennessee Tuition Grant Program.
The Tennessee Student Assistance Corporation is Tennessee's designated federal guaranty agency* responsible for the administration of post secondary educational loan programs authorized by the Title IV of the Higher Education Act of 1965, and further authorized by Tennessee Code Annotated Section 49-4-404. TSAC also administers other state and federal student assistance programs as authorized. TSAC is administered by a Board of Directors.
TSAC administrative offices are located at 404 James Robertson Parkway, Suite 1510, Nashville, TN. 37243-0820.
*A non-profit corporation designated by the US Department of Education to administer the Federal Family Education Loan Program (FFELP).