[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-587279-105":3,"detail-sidebar-cat-0-en-105":80,"doc-detail-587279-en":130},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":73,"head_meta":75,"extra_data":77,"updated_unix":79},105,"en","tennessee-education-lottery-scholarship-program-summary","Tennessee Education Lottery Scholarship Program Summary","","Memorandum summarizing Tennessee’s state-funded Tennessee Education Lottery Scholarship (TELS) portfolio and its related funding flows, current expenditures, and trends across the past ten aid years. Covers how TELS is supported through lottery-derived revenue streams, quarterly transfers to THEC, and the role of shortfall reserve subaccounts. Includes discussion of portfolio organization by 2024-25 expenditure, eligibility and award amounts, recipient counts, and available student-outcome data, plus planned follow-up reporting for the second half of 2026.",{"@graph":14,"@context":72},[15,34,55],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/research-report/","Research & Report",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/tennessee-education-lottery-scholarship-program-summary/587279/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/tennessee-education-lottery-scholarship-program-summary/587279.png","ImageObject",300,407,{"name":42,"@type":43},"วิน","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-30","2026-10-15",true,{"@type":52,"interactionType":53,"userInteractionCount":33},"InteractionCounter",{"@type":54},"ViewAction",{"@type":56,"mainEntity":57},"FAQPage",[58,64,68],{"name":59,"@type":60,"acceptedAnswer":61},"What is the purpose of this memorandum?","Question",{"text":62,"@type":63},"It summarizes the programs included in the state-funded TELS portfolio, including current expenditures and trends over the past ten aid years, and provides student-outcome data where available.","Answer",{"name":65,"@type":60,"acceptedAnswer":66},"Where does Tennessee’s financial aid funding come from?",{"text":67,"@type":63},"The portfolio is supported by three revenue sources: TSAA, Tennessee Promise funding mechanisms, and TELS revenue streams deposited into the Lottery for Education Account.",{"name":69,"@type":60,"acceptedAnswer":70},"How will the report be followed up in 2026?",{"text":71,"@type":63},"THEC plans a follow-up report in the second half of 2026 addressing intersections between current aid programs, additional student outcomes, and recommendations for program modifications.","https://schema.org",{"og:url":32,"og:type":74,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":76,"canonical":32},"index,follow",{"doc_id":78,"site_id":7},587279,1792188596,{"code":4,"msg":81,"data":82},"success",[83,87,91,95,100,105,110,114,119,122,126],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":84,"show_sort_weight":85,"slug":86},"Story & Novel",90,"story-novel",{"id":26,"doc_module":4,"doc_module_name":25,"category_name":88,"show_sort_weight":89,"slug":90},"Literature",80,"literature",{"id":33,"doc_module":4,"doc_module_name":25,"category_name":92,"show_sort_weight":93,"slug":94},"Exam",70,"exam",{"id":96,"doc_module":4,"doc_module_name":25,"category_name":97,"show_sort_weight":98,"slug":99},5,"Comic",60,"comic",{"id":101,"doc_module":4,"doc_module_name":25,"category_name":102,"show_sort_weight":103,"slug":104},6,"Technology",50,"technology",{"id":106,"doc_module":4,"doc_module_name":25,"category_name":107,"show_sort_weight":108,"slug":109},7,"Healthcare",40,"healthcare",{"id":111,"doc_module":4,"doc_module_name":25,"category_name":29,"show_sort_weight":112,"slug":113},8,30,"research-report",{"id":115,"doc_module":4,"doc_module_name":25,"category_name":116,"show_sort_weight":117,"slug":118},9,"Religion & Spirituality",20,"religion-spirituality",{"id":117,"doc_module":4,"doc_module_name":25,"category_name":120,"show_sort_weight":117,"slug":121},"World Cup","world-cup",{"id":123,"doc_module":4,"doc_module_name":25,"category_name":124,"show_sort_weight":123,"slug":125},10,"Lifestyle","lifestyle",{"id":127,"doc_module":4,"doc_module_name":25,"category_name":128,"show_sort_weight":96,"slug":129},19,"General","general",{"code":4,"msg":81,"data":131},{"doc_id":78,"user_id":132,"nickname":42,"user_avatar":133,"doc_module":4,"category_id":111,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":33,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":117,"language":139,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":12,"update_tm":143,"read_time":103,"preview_page_count":4},2336475104736,"https://ap-avatar.wpscdn.com/avatar/22000c4c5e0e5b17e70?x-image-process=image/resize,m_fixed,w_180,h_180&k=1786591360781797222","NASHVILLE, TENNESSEE 37243  \n(615) 741-3605  \nMEMORANDUM  \nTo: Hon. Dawn White, Chair, Senate Education Committee  \nHon. Mark White, Chair, House Education Committee  \nFrom: Dr. Steven Gentile, Executive Director  \nSubject: Tennessee Education Lottery Scholarship Program Summary  \n Date: February 20, 2026   \nThis memorandum summarizes the programs included in the state-funded Tennessee Education Lottery Scholarship (TELS) program, including current program expenditures and trends over the past ten aid years. Where currently available, data on student outcomes associated with each program are provided. The Conclusion of this memo provides summaries of changes over time in expenditures and the number of students served. This memorandum serves as the preliminary report responsive to your December 8, 2025, request. The Tennessee Higher Education Commission’s (THEC) intent is to provide a follow-up report in the second half of 2026 that addresses the scope of intersections between current aid programs, additional student outcomes, and recommendations for program modifications.  \nTennessee Financial Aid Revenue Sources  \nFunding for Tennessee’s full financial aid portfolio is derived from three revenue sources:  \n• Tennessee Student Assistance Award (TSAA)– TSAA is our state’s need-based program and is funded entirely by annual state appropriations, currently $125.3 million.  \n• Tennessee Promise – Funding for Tennessee Promise scholarships comes from the Tennessee Promise scholarship special reserve account within the Tennessee Promise endowment. The special reserve account is supported by:  \no Investment earnings from the Tennessee Promise scholarship endowment fund, established by T.C.A. § 49-4-708.  \no Funds in the lottery for education account (LEA), established in T.C.A. § 4-51-111(b), in excess of annual scholarship expenditures and the minimum required balance in the LEA.  \no Licensing and application fees collected by the Sports Wagering Council established in  \nT.C.A. § 4-49-101, in excess of the Council’s operating and administrative expenses.  \n• Tennessee Education Lottery Scholarship (TELS)– Two revenue streams are deposited into the Lottery for Education Account and are used to support the TELS programs:  \no Net lottery proceeds from the Tennessee Education Lottery Corporation.  \no Eighty percent of the privilege tax assessed on sports wagering revenues. As of July 1, 2026, this funding will be moved instead to the K-12 construction and maintenance fund as prescribed in T.C.A. § 4-49-104 except for when the net lottery proceeds are not sufficient to meet TELS expenditures. In such a case, the funds allocated to K-12 construction and maintenance must be reduced by the amount needed to meet TELS expenditures.  \nWithin the TELS portfolio, net lottery proceeds are transferred on a quarterly basis to THEC, pursuant to T.C.A. § 4-51-111. The TELS portfolio includes all programs presented below. In addition to these funds provided by the Tennessee Education Lottery Corporation, a general shortfall reserve subaccount in the amount of $100M has been established to provide funding in the event net lottery proceeds are not sufficient. Should the subaccount be used in a fiscal year, it must be replenished starting in the following fiscal year. Pursuant to T.C.A. § 49-4-708, an additional $10M is maintained in the general shortfall reserve subaccount. This additional reserve does not need to be replenished if used.  \nAny funds received from the Tennessee Education Lottery Corporation in excess of the amount needed to fully fund the TELS portfolio are transferred to the Tennessee Promise scholarship endowment fund. At the close of FY25, the Tennessee Promise Scholarship endowment fund balance was approximately $1.3 billion.  \nLottery revenue and expenditure projections adopted by the State Funding Board on November 24, 2025 project insufficient funds, inclusive of both net lottery proceeds and sports wagering revenues, starting with FY26 and","cbCaiqDYqoJZ1s0A","https://ap.wps.com/l/cbCaiqDYqoJZ1s0A","pdf",1608688,"English","# Memorandum Overview\n## Purpose and Scope\n# Tennessee Financial Aid Revenue Sources\n## TSAA\n## Tennessee Promise\n## Tennessee Education Lottery Scholarship (TELS)\n# TELS Funding Mechanics and Reserves\n## Quarterly Transfers to THEC\n## General Shortfall Reserve Subaccounts\n## Excess Lottery Proceeds Allocation\n# Revenue and Expenditure Projections (FY26–FY30)\n## Expected Deficit Assessment\n# Tennessee Education Lottery Scholarships\n## Portfolio Structure and Program Coverage","[{\"question\":\"What is the purpose of this memorandum?\",\"answer\":\"It summarizes the programs included in the state-funded TELS portfolio, including current expenditures and trends over the past ten aid years, and provides student-outcome data where available.\"},{\"question\":\"Where does Tennessee’s financial aid funding come from?\",\"answer\":\"The portfolio is supported by three revenue sources: TSAA, Tennessee Promise funding mechanisms, and TELS revenue streams deposited into the Lottery for Education Account.\"},{\"question\":\"How will the report be followed up in 2026?\",\"answer\":\"THEC plans a follow-up report in the second half of 2026 addressing intersections between current aid programs, additional student outcomes, and recommendations for program modifications.\"}]","Tennessee Education Lottery Scholarship Program Summary | PDF",1792061338]