Tennessee
Tennessee State’s $43M Bailout Is Your College Planning Wake-Up Call
University sign and building
As someone who’s spent over a decade helping families navigate the complexities of college financial planning, I’ve never seen a situation that better illustrates the changing landscape of higher education than Tennessee State University’s recent $43 million emergency funding package. If you’re a parent saving for your child’s education or a student planning your academic future, this situation offers crucial lessons about college planning in 2024 and beyond
The Wake-Up Call We All Needed
When I first read about Tennessee State’s situation in Higher Ed Dive’s comprehensive coverage, the numbers stopped me in my tracks. The university’s first-year enrollment plummeted from 3,500 students to just 880 – a decline so severe it threatened the institution’s very existence. According to Tennessee’s State Comptroller’s office, this led to the layoff of 114 employees and required emergency intervention to keep the university operating.
But here’s what really caught my attention as a financial advisor: this wasn’t just another COVID story.
Why This Crisis Matters for Your Family
Through my conversations with hundreds of families about college planning, I’ve noticed that most focus primarily on saving enough money. While that’s crucial, Tennessee State’s situation reveals why we need to think more broadly about protecting our educational investments. Here’s what the data tells us:
The Demographic Cliff Is Real
According to Deloitte’s 2024 Higher Education Trends report and verified enrollment data from the National Student Clearinghouse Research Center, we’re approaching a significant demographic cliff. Peak enrollment of traditional college-age students is predicted as soon as 2025. This isn’t just a statistic – it’s a fundamental shift that could affect your child’s college experience and your family’s financial planning.
Financial Warning Signs Matter
The Tennessee State situation revealed several verified red flags that families should watch for when evaluating any university:
- Documentation from state auditors showed the university allocated one-time funds for ongoing student aid without sustainable planning
- Public records confirmed the institution struggled to honor scholarship commitments
- Federal financial reports indicated depleted emergency funds without adequate replacement strategies
Protecting Your Family’s College Investment
Based on my analysis of Tennessee State’s documented challenges and extensive discussions with education finance experts, here’s how to better protect your family’s college investment:
1. Research Financial Health
Don’t just look at the college’s sticker price. Use these verified resources:
2. Create a Backup Plan
In my experience advising families, those who fare best in uncertain situations have multiple contingency plans:
- Research transfer pathways between your chosen school and potential backup institutions
- Consider tuition insurance (typically 1-5% of tuition) to protect against unexpected withdrawals
- Understand your state’s credit transfer guarantees between public institutions
3. Monitor Warning Signs
Stay informed about your chosen institution’s health by tracking:
- Enrollment trends (available through the Common Data Set)
- State funding levels (public records for state institutions)
- News about faculty staffing and program changes
Looking Ahead
When I started my college career, the conversation focused primarily on saving and scholarships. Today, as Tennessee State’s situation demonstrates, we need a more comprehensive approach to protect our educational investments.
The traditional metrics of college selection – rankings, campus amenities, and historical reputation – still matter. However, as confirmed by Deloitte’s research and the experiences of institutions nationwide, families need to prioritize an institution’s financial sustainability and ability to deliver consistent educational value.
Tennessee
Tennessee AMC theater worker, 85, receives $146K from strangers for retirement after viral video
A viral Tennessee movie theater worker, 85, was surprised with $146K as strangers rallied together to help her “enjoy retirement.”
Mary Ellen Eron was seen hauling a heavy black garbage bag and pushing a cleaning cart during her shift at the theater in Maryville, Tenn., which has since been viewed more than 13 million times.
“Let’s secretly help retire this beautiful woman. No one deserves to work at this age,” movie customer Brooklyn Green, who filmed the video, captioned the post.
Green launched a fundraiser last weekend after watching Mary, who has been a movie theater staffer for 45 years, hard at work – even though she’s a stranger.
“I knew nothing about her. I didn’t even know her name when I went to the theater,” Green told WATE reported. “I just decided that she was working so hard, and I aspired to be like her one day.
“Her physical appearance didn’t look too comfortable, especially since the way she was working so hard.”
Green set a target of $200,000 – and she raised $146,317 before pausing donations. More than 7,500 people donated to the charitable cause.
On Wednesday, Green posted the moment that she presented Eron, who helps the homeless and her local church, with the total figures from the crowdfunding page.
“Oh my goodness. That’s a lot of money,” Eron said as she realized the number on the piece of paper.
“That’s a lot of money and you deserve every bit of it,” Green said.
The clip also featured a message from Eron, who addressed the people who had contributed.
“Thank you so very much to all the wonderful people that have donated money to the GoFundMe,” she said.
“I’m overwhelmed and certainly blessed by the Lord and you wonderful people. Thank you once more.”
The theater’s manager revealed it will be Eron’s decision when she retires.
The Tennessee Volunteers have had their fair share of bad news as of late when it comes to the college baseball transfer portal, but luckily, they have received some great news.
The great news that they have received is that they will be returning one of their breakout stars from this past college baseball season, as he has no intentions of entering the college baseball transfer portal.
Trent Grindlinger Will Return to Tennessee
The player who is set to return to Tennessee is Trent Grindlinger, who was electric this season and is expected to be a future top 10 MLB draft pick. This is expected for the first draft that he is eligible for, which is the 2027 MLB Draft rather than this upcoming draft that will feature multiple Vols, including Tennessee ACE, Tegan Kuhns.
Grindlinger finished last season with a batting average of .345, while hitting eight home runs and only striking out 28 times. This would be an electric season for the talented Volunteers’ batter, and he is set for a season that could and should be even better than that, which would be good enough to consider for some major college baseball end-of-the-season awards. He is just one of the few players who opted to stay and return rather than enter their name into the college baseball transfer portal, but if they were going to return anyone, he is the player they would want to return in the field.
Had he entered the transfer portal, there wouldn’t be a single college in the nation that wouldn’t want to add him, as every college would want to add the elite prospect. Not only that, but he would become the nation’s No. 1 player on the portal more than likely.
Luckily for the Vols, though, they don’t have to worry about that.
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Tennessee
Franklin police ticket 13-year-old after e-bike crash, and a new Tennessee law brings more changes July 1
WILLIAMSON COUNTY, Tenn. (WTVF) — Franklin police cited a 13-year-old following a crash involving a motorized bike, and a new Tennessee law taking effect July 1 will bring additional restrictions for young riders.
On April 21, Franklin officers responded to a fender bender at the Interstate 65 off-ramp at the Goose Creek Bypass involving a 13-year-old on a motorized bike and a vehicle. Both the teen and the adult driver were waiting for officers when they arrived. The woman behind the wheel was visibly shaken and told officers the bike came out of nowhere while she was attempting to turn right on red.
The bike turned out to be more powerful than a standard e-bicycle. Under the law, it is not considered a bicycle at all — it is classified as a motor scooter, which falls under different laws than Class 1, 2, and 3 e-bikes.
“Downside is kids are about to get a bunch of tickets. He can’t ride that e-bike because it’s not just an e-bike — too much voltage, it’s a motor scooter,” Officer Spry with the Franklin Traffic Unit said.
“He can’t be on a sidewalk, he has to be in a bike lane, and it can’t be more than 28 miles an hour,” Spry said.
The driver of the car was cited for failure to exercise due care. The 13-year-old was cited for several violations, including not having a driver’s license, insurance, or registration. Franklin police say the citations issued to the teen are all appropriate under current law. Officers told the teen’s parent the citations would need to be answered in juvenile court. The family promised to trade the bike in for something safer.
Spry made clear this is not an isolated case.
“You’re not the only one that I’ve written this ticket to,” Spry said.
“This is probably one of the greatest opportunities for us to provide safety and save a life that we’ll ever see,” Franklin Alderman Greg Caesar said.
Starting July 1, only those 16 years and older will be legally allowed to ride Class 3 e-bikes, which can reach speeds of 28 miles per hour. The new law changes the age of those allowed to operate Class 3 e-bikes and does not affect the motor scooter classification that applied in this case.
Franklin city leaders are debating changes to local e-bike laws. Alderman Greg Caesar described it as a nuanced problem but said educating parents should start now.
“It needs to be considered, as some of these e-bikes and riders can do real and significant damage,” Caesar said.
Do you have more information about this story? You can email me at Amanda.Roberts@NewsChannel5.com
This story was reported on-air by Amanda Roberts and has been converted to this platform with the assistance of AI. Our editorial team verifies all reporting on all platforms for fairness and accuracy.
Students help relaunch donation drive for Monroe Carell Jr. Children’s Hospital at Vanderbilt
Young or old, we all love to play board and card games! Those games become even more important when you are indoors and don’t have the ability to get outside, like patients in a hospital. Austin Pollack shares the story of students in a Nashville family who have helped re-launch the Red Wagon project to collect games for patients at the Monroe Carell Jr. Children’s Hospital at Vanderbilt.
– Lelan Statom
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