49-7-810 - No promise or guarantee of admission, attendance or graduation Costs covered.
49-7-810. No promise or guarantee of admission, attendance or graduation Costs covered.
(a) Nothing in this part nor in a tuition contract entered into pursuant to this part shall be construed as a promise or guarantee by the state, the board or any institution of higher education that a beneficiary will:
(1) Be admitted to an institution of higher education or to a particular institution of higher education;
(2) Be allowed to continue to attend an institution of higher education after having been admitted; or
(3) Graduate from an institution of higher education.
(b) Each tuition unit purchased under an educational services plan tuition contract shall cover the cost of the beneficiary's tuition in an amount no greater than one percent (1%) of the weighted average tuition in effect at Tennessee's four-year public universities at the time of use. A savings account created under an educational savings plan tuition contract shall cover the cost of the beneficiary's tuition in an amount no greater than the redemption value of the account at the time of use.
[Acts 1996, ch. 991, § 1; T.C.A., § 49-7-808; Acts 1999, ch. 233, § 16.]