UPDATED: 2024 TENNESSEE PROMISE APPLICATION DEADLINE - NOVEMBER 1
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Okay, so I'm just going to say, if you don't live in Tennessee, this post isn't for you.
Talk to you later!
But...if you do (like myself) live in the great state of Tennessee, keep reading...
I received a question last week asking "what is the difference between the Tennessee Hope Scholarship and the Tennessee Promise?"
Fair question.
While the TN websites for each are fairly straightforward, there really isn't that much that concisely deals with what the difference is between the two, so I wanted to address that here.
SHORT ANSWER: The Tennessee Hope Scholarship is a 4-year scholarship funded by the state lottery that can be applied to any college/university in Tennessee.
The Tennessee Promise Scholarship covers the full tuition for an associate's degree at certain eligible schools including community colleges, colleges of applied technology, and select private or public universities.
TENNESSEE HOPE SCHOLARSHIP
The Tennessee Hope Scholarship is what you would think of as a typical scholarship. You meet the criteria, you get the award. Since it is funded by the state's lottery, it's relatively straightforward and pretty much guaranteed as long as you meet the criteria:
Eligibility:
Award
If you meet all the eligibility requirements, your award amount generally will be $2,250 per full-time semester for your freshmen and sophomore years, then $2,850 as a junior and senior (details here). The scholarship is capped at $1,600 per full-time semester if attending a two-year institution.
Application
Applying for the Tennessee Hope Scholarship is simple, all you have to do is complete the Free Application for Federal Student Aid (FAFSA). This is normally
Renewal
To keep the Hope Scholarship, students must:
Full details about the Tennessee Hope Scholarship can be found on the TN State Government website here. Also check out homeschool details here and their FAQ here.
Dual Enrollment
The Hope Scholarship can also be used to pay for Dual Enrollment courses for Tennessee residents! You can read more about that here.
TENNESSEE PROMISE SCHOLARSHIP
The Tennessee Promise (or Tennessee Promise Scholarship) is structured differently, to cover 100% of tuition towards your Associate Degree or technical certification at a community college, tech school, or approved private or public college that has an associate program.
Eligibility
Award
The Tennessee Promise is a "last-dollar" scholarship at community colleges/tech schools, meaning it will cover 100% of tuition after other scholarships/awards (ie, you cannot get reimbursed/make money off of the Tennessee Promise).
The Tennessee Promise is NOT a "last-dollar" scholarship at 4-year colleges/universities, meaning it will only cover up to the cost of the average amount of tuition and fees at a community college (currently $4,200).
Application
(NOTE: The above image is for 2020-2021, dates have changed, Image source here)
Renewal
Full details about the Tennessee Promise can be found here and here.
SHOULD YOU USE THE TENNESSEE PROMISE?
Okay, so free college sounds AMAZING, but there's an important question you need to ask:
Is the Tennessee Promise a good fit for you (or your teen)?
The Tennessee Promise requires for you to get a technical degree or associate degree.
There is increasing demand for people with specialized degrees and certifications, so this path is generally speaking a great route, but it doesn't make sense for all career paths.
Some considerations:
What if I'm not sure? Is there a downside to applying for the Tennessee Promise and then changing my mind later?
Nope, there is no dowside. If you think there is a chance your teen might go to a community college/associate program/technical school, then APPLY for the The Tennessee Promise! You change your mind later and go a different route, but if you miss that application deadline then there is no going back!
In Conclusion...
So there you have it! An overview of the Tennessee Hope Scholarship versus the Tennessee Promise (and some criteria to evaluate when the Promise makes sense). I hope this was helpful! If you would like help exploring career paths I would encourage you to check out our Career Prep Challenge.
Looking for personalized help through the college prep process? You can schedule a FREE 30-minute consultation with college prep consultant Matthew Bullington here.
What questions do YOU have about the Tennessee Hope Scholarship, Tennessee Promise, or college prep process? Post in the comments below!
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