Education - As enacted, requires the Tennessee higher education commission (THEC), to serve as the governing board of directors for the Tennessee student assistance corporation; requires THEC's review committee to aid in the development or revision of state financial aid; terminates the Tennessee teaching scholars program; terminates the minority teaching fellows program. - Amends TCA Title 4 and Title 49.

SB 689 transfers governance of the Tennessee Student Assistance Corporation (TSAC) to the Tennessee Higher Education Commission (THEC), making THEC its governing board. It requires THEC's review committee to assist in developing or revising state financial aid programs. The bill also terminates two existing programs: the Tennessee Teaching Scholars program and the Minority Teaching Fellows program. These changes took effect July 1, 2025, altering how state student aid is administered and ending specific scholarship initiatives.