The HOPE Scholarship is a state-funded scholarship program in Tennessee that provides financial assistance to eligible students attending eligible post-secondary institutions in Tennessee. The scholarship is available to students who meet certain criteria, including academic achievement, financial need, and residency requirements.
The HOPE Scholarship was created in 1998 by the Tennessee General Assembly. The scholarship is funded by the state’s lottery proceeds. Since its inception, the HOPE Scholarship has helped more than 200,000 students attend college in Tennessee. The scholarship has a significant impact on the state’s economy, generating an estimated $1.5 billion in economic activity each year.