# Tenn. Code Ann. § 49-7-103: Student loans

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C7_S49-7-103

## Section

- **Citation:** Tenn. Code Ann. § 49-7-103
- **Heading:** Student loans
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 49 / Chapter 7 / Section 49-7-103

## Text

(a) State colleges and universities operating under the state board of regents and the University of Tennessee operating under the board of trustees of the University of Tennessee are authorized to use funds resulting from state appropriations or student fees for the purpose of participating in college loan funds under the National Defense Education Act of 1958 (P.L. 85-864, 72 Stat. 1597), and other loan programs; provided, that the state university and community college system and the University of Tennessee are empowered to take any and all action deemed necessary to collect all loans extended to students or former students by the institutions. (b) The proper administrative official of any state or private college or university within this state, if authorized by its particular controlling board having jurisdiction over the state or private college or university, may accept the note or contract of a college student applying for a student loan or aid under the National Defense Education Act student loan program, or other bona fide, established student loan program of the state or private college or university. The note or contract shall be valid and fully enforceable in a court of law or equity, and the college student in such circumstances shall be without recourse to plead minority in any court of law or equity. Acts 1959, ch. 120, § 1; 1961, ch. 76, § 1; 1973, ch. 144, § 3; 1973, ch. 206, § 1; T.C.A. (orig. ed.), §§ 49-3223, 49-3228.
(a) State colleges and universities operating under the state board of regents and the University of Tennessee operating under the board of trustees of the University of Tennessee are authorized to use funds resulting from state appropriations or student fees for the purpose of participating in college loan funds under the National Defense Education Act of 1958 (P.L. 85-864, 72 Stat. 1597), and other loan programs; provided, that the state university and community college system and the University of Tennessee are empowered to take any and all action deemed necessary to collect all loans extended to students or former students by the institutions.
(b) The proper administrative official of any state or private college or university within this state, if authorized by its particular controlling board having jurisdiction over the state or private college or university, may accept the note or contract of a college student applying for a student loan or aid under the National Defense Education Act student loan program, or other bona fide, established student loan program of the state or private college or university. The note or contract shall be valid and fully enforceable in a court of law or equity, and the college student in such circumstances shall be without recourse to plead minority in any court of law or equity.
Acts 1959, ch. 120, § 1; 1961, ch. 76, § 1; 1973, ch. 144, § 3; 1973, ch. 206, § 1; T.C.A. (orig. ed.), §§ 49-3223, 49-3228.

## Nearby sections

- [Tenn. Code Ann. § 49-7-101 Rules and regulations for admissions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C7_S49-7-101.md)
- [Tenn. Code Ann. § 49-7-102 Waiver of fees and tuition for dependents of POWs or deceased veterans - Requirements](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C7_S49-7-102.md)
- [Tenn. Code Ann. § 49-7-103 Student loans](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C7_S49-7-103.md)
- [Tenn. Code Ann. § 49-7-104 Deferred payments by students receiving assistance](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C7_S49-7-104.md)
- [Tenn. Code Ann. § 49-7-105 Campus traffic control](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C7_S49-7-105.md)
- [Tenn. Code Ann. § 49-7-106 Urban renewal adjacent to campus](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C7_S49-7-106.md)
- [Tenn. Code Ann. § 49-7-107 Establishment of foundations - Code of ethics](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C7_S49-7-107.md)
- [Tenn. Code Ann. § 49-7-108 Donations by local governments](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C7_S49-7-108.md)
- [Tenn. Code Ann. § 49-7-109 In-service training funds](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C7_S49-7-109.md)
- [Tenn. Code Ann. § 49-7-110 Curriculum - American history](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C7_S49-7-110.md)
- [Tenn. Code Ann. § 49-7-111 Military career information](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C7_S49-7-111.md)
- [Tenn. Code Ann. § 49-7-112 Skills for Jobs Act - Annual report regarding state workforce need projections and credential production](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C7_S49-7-112.md)
- [Tenn. Code Ann. § 49-7-113 Disabled and elderly persons - Auditing or enrollment](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C7_S49-7-113.md)
- [Tenn. Code Ann. § 49-7-114 Draft registration prerequisite to enrollment](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C7_S49-7-114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C7_S49-7-103. Check the current official text before relying on it. Not legal advice.