TN Direct Admissions Expands Statewide for Second Year, Letters Arrive in September for Students Who Apply by August 17
Tuesday, August 11, 2026 | 11:13am
NASHVILLE--Commissioner of Financial Institutions Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 10.75 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 6.75 percent as published by the Federal Reserve on August 10, 2026.