SC Loan has notified us that there is no remaining funding. No further applications will be accepted.
A link to the application will be posted when available in early 2020.
The South Carolina Teachers Loan Program was established by the State of South Carolina to encourage talented and qualified students to enter the teaching profession. The loan is cancelled by teaching in South Carolina public schools in an area of critical need. Freshmen and sophomores may borrow up to $2500/year; juniors, seniors, and graduate students may borrow up to $5000/year. The Career Changers loan provides up to $15,000/year.
View loan eligibility requirements. For each of these loan programs, students may have their loan canceled at a rate of 20% per year of teaching in critical subject areas or critical geographical locations in South Carolina specified by the SC Student Loan Corporation. Students who teach in both a critical subject area and a critical geographical area may have their loan canceled at a rate of 33 1/3% per year.
Note: The teachers programs require recipients to teach in return for the assistance they received. If you decide not to teach, you will be responsible for repaying the entire amount of the loan plus interest, or any amounts not already cancelled.
Please contact SC Student Loan Corporation for more information.