“If we want to have jobs ready for Tennesseans, we have to make sure that Tennesseans are ready for jobs, and there is no smarter investment than increasing access to high-quality education,” Governor Bill Haslam said in a statement.
Governor Haslam outlined the legislation in his State of the State address earlier this year. The bill proposes to propel 55% of the population to be college educated from the current 39%.
Students will save an estimated $3,700 a year, which the state will fund from it’s lottery program. The total cost is estimated at about $10 million per year once fully implemented.