(a) TSAC shall pay a Tennessee student assistance award on behalf of a student directly to the eligible postsecondary institution in which the student is enrolled or intends to enroll. The eligible postsecondary institution shall promptly credit the payments received from TSAC to individual student accounts, to be applied first to any educational expenses the student owes the institution. Any amount of the award remaining after payment of any educational expenses must be disbursed to the individual student up to the cost of attendance.
(b) TSAC shall make payments of all Tennessee student assistance awards in approximately equal installments after the beginning of each academic term, upon:(1) Certification from the eligible postsecondary institution that each student is officially enrolled in an eligible program of study; and(2) TSAC's determination that the eligible postsecondary institution has complied with state statutory and regulatory financial aid requirements, including any requirements stipulated to in a TSAC compliance review.
(1) Certification from the eligible postsecondary institution that each student is officially enrolled in an eligible program of study; and
(2) TSAC's determination that the eligible postsecondary institution has complied with state statutory and regulatory financial aid requirements, including any requirements stipulated to in a TSAC compliance review.