Tennessee Recoverable Grant Agreement
Description
How to fill out Recoverable Grant Agreement?
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FAQ
The amount of funding you will receive will be based on the average amount of tuition and fees at a community college, which is estimated to be $4,200. As a last-dollar scholarship, Tennessee Reconnect will provide whatever amount remains after your Pell, HOPE, and TSAA funds are applied.
The grant agreement defines what activities will be undertaken, the project duration, overall budget, rates and costs, the EU budget's contribution, all rights and obligations and more.
Grants are awards of financial assistance, usually from a governmental agency or foundation, primarily for carrying out a public purpose of support or stimulation. A grant is distinguished from a contract, which is used to acquire property or services for the government's direct benefit or use.
Include the program's name as described in the applicant's proposal. Grant period and payment schedule. For larger or more complex grants, the amount might be paid in installments. If this is the case, the grant agreement explains when and under what conditions future payments will be made.
The Agreement includes: this letter ? the Grant schedule (attachment A) ? the Grant terms and conditions (attachment B) ? your application ? the grant opportunity guidelines applicable on the date you submitted your application.
A "grant" is a general term for funds that organizations receive that are not expected to be repaid. To receive a grant, organizations must compete for funds by submitting an application and undergoing an evaluation process. Grants may be awarded by state or local agencies, private foundations, or corporations.