S.C. Code Regs. 62-510 - Borrower Eligibility

Current through Register Vol. 46, No. 3, March 25, 2022

A. The student shall be a citizen of the United States; and
B. Be a bona fide resident of South Carolina, as defined in applicable State statutes governing the determination of residency for tuition and fee purposes at public colleges and universities within this State; and
C. Have been accepted for enrollment, or enrolled in good standing in an eligible institution as defined in the Regulations of the State Education Assistance Authority, hereinafter called the "Authority," and further defined as follows:
(1) For institutions located in South Carolina, those:
(a) Which offer baccalaureate or higher degree programs which are approved for initial teacher certification by the State Board of Education (Board); or
(b) Whose highest offering is the Associate of Arts or Associate of Science Degrees which are designed for transfer to baccalaureate programs including those in teacher education, and which are eleemosynary institutions accredited by the Commission on Colleges of the Southern Association of Colleges and Schools;
(2) For institutions located out of the State, those institutions which are regionally accredited and which offer baccalaureate or higher degree programs which are approved for initial teacher certification by the appropriate credentialing agency in that State; and
D. Be enrolled on at least a half-time basis; and
E. Indicate a desire and intent to teach in South Carolina; and
F. If an undergraduate student having completed one year (two semesters or the equivalent) of collegiate work and is attending a South Carolina institution, has taken and passed a "Basic Skills Test" as required by the Board for entrance into a program of teacher education; and, if an undergraduate student, or a first-time graduate student, has attained a cumulative grade point ratio of at least 3.5 GPR (on a 4.0 scale) in collegiate work; or
G. If an undergraduate with less than one year of collegiate work has achieved a score equal to or greater than 1100 on the SAT or graduated in the top ten percent of his/her high school class; and
H. To remain eligible for renewal of the loan while in college, the student must maintain at least a cumulative 3.0 GPR on a 4.0 scale; and
I. If an undergraduate student, be formally admitted to an undergraduate teacher education program, or if the student is not yet formally admitted to such a program, the Department of Education, or its equivalent, at an eligible institution must certify that the student has expressed an intent and desire to enter the field of teaching, and is enrolled in a teacher education program at a time required by the institution; and
J. Have not previously been certified to teach, but entering a program for the specific purpose of becoming certified; and
K. Be eligible in all other respects as may subsequently be required by the South Carolina Commission on Higher Education, hereinafter called the "Commission", or the Corporation under these Regulations.

Notes

S.C. Code Regs. 62-510
Added by State Register Volume 16, Issue No. 3, eff March 27, 1992.

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