FINANCIAL_SERVICESPENDING

South Carolina Commission on Higher Education Committee on Student Services Agenda May 2026

SCSLC Seeks Approval of FY 2026-27 Teacher Loan Budget

$772,765South Carolina Commission on Higher EducationSOUTH CAROLINA STUDENT LOAN CORPORATIONMay 7, 2026

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Description

The South Carolina Student Loan Corporation has requested Commission on Higher Education approval of a $772,765 FY 2026-27 contractual services budget to administer the SC Teacher Loan Program. The proposal covers SCSLC administration, third-party servicing, and proviso administration fees, including costs tied to the new Teacher Refinance Loan Program and associated audit work.

Contract Details

Contract Amount

$772,765

Vendor

SOUTH CAROLINA STUDENT LOAN CORPORATION

Agency

South Carolina Commission on Higher Education, SC

Contract Type

FINANCIAL_SERVICES

Document Date

May 7, 2026

Contract Term

FY 2026-2027

Renewal Date

2027-06-30

Renewal Info

Continuation of annual administrative and servicing arrangement for the SC Teacher Loan Program, with updated amounts for personnel, IT, third-party servicing, accounting, and a reduced one-time setup cost for the refinance component carried forward from FY 2025-26.

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