Tennessee State University inks deal to free up $96M in push to stabilize finances

TSU, state agrees to reallocate $96M for university operations

Tennessee State signs financial operating agreement with state

Tennessee State University inked an operating agreement with the state Tuesday to bolster finances after nearly a year of upheaval over shortfalls. Days after the TSU Board of Trustees approved a 6% increase in tuition and fees for the next…

Tennessee State University inks deal to free up $96M in push to stabilize finances

TSU and state leaders reached an agreement to reallocate $96 million that will go toward the university's immediate financial needs.

TSU, state reach agreement to reallocate $96M for university ...

TSU reaches agreement to reallocate $96 million for university operations

Tennessee State University has reached an agreement with the state of Tennessee that allows the university to reallocate $96 million to support its operational needs over the next three years. The funds — which were previously allocated for deferred maintenance — make up a portion of the $250 million that the state allocated to TSU in April 2022 to make infrastructure upgrades and capital improvements. The first $99 million is currently going to…