SCSLC Seeks Approval of FY 2026-27 Teacher Loan Budget

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.

Scope & details

The full contract record, as filed.

Contract amount

$772,765

Contract type

FINANCIAL_SERVICES

Contract term

FY 2026-2027

Renewal date

2027-06-30

Renewal

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.

Document type

Agenda

Source document

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

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by South Carolina Commission on Higher Education?

South Carolina Student Loan Corporation was awarded this financial services contract by South Carolina Commission on Higher Education, as recorded on May 7, 2026. The contract value is $772,765.

How much is the South Carolina Student Loan Corporation contract with South Carolina Commission on Higher Education worth?

The South Carolina Student Loan Corporation contract with South Carolina Commission on Higher Education is valued at $772,765, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in South Carolina Commission on Higher Education Committee on Student Services Agenda May 2026 (Agenda), dated May 7, 2026 from South Carolina Commission on Higher Education. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does South Carolina Student Loan Corporation hold?

South Carolina Student Loan Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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