Current through Register Vol. 46, No. 3, March 25, 2022
A. All loans
shall be secured by a Promissory Note. Loans shall bear interest from the date
of the disbursement of funds to the borrower at the rate as may be specified by
the Commission on Higher Education for use by the South Carolina Student Loan
Corporation for its Teacher Loan Program.
B. The proceeds of the loan shall normally be
disbursed during the academic registration period but not sooner than required
by the student to meet educational expenses.
C. The participating institutions shall
disburse the loans on an annual basis in accordance with these
D. At least 80% of the
awards under the African-American Teacher Loan Program shall be awarded to
African-American males, unless the institution justifies to the Commission on
Higher Education the lack of availability of African-American males who meet
the eligibility requirements.
S.C. Code Regs.
Added by State Register
Volume 20, Issue No. 5, eff May 24,