The budget proposal from the White House eliminates the Federal Family Education Loan Program (FFELP). This program has been administered by local non-profit student loan company, South Carolina Student Loan. The potential of losing SC Student Loan hurts not only local access to student loans, but also the provider of a host of benefits to South Carolina residents including:
- sponsor of the South Carolina Career and College Planning System , essential to students in exploring careers and colleges, completing inventories to help match student to potential careers, and finding financial aid and scholarships
- Administering the SC Teacher Loan program
- Providing scholarships to students in South Carolina
- Providing loan entrance and exit counseling at no expense to families
- Providing speakers to schools around the state about various career, college, and financial topics
- Local loans and servicing of those loans for students and families in South Carolina
If you would like to continue local access to student loans, please contact your representative and send a note of concern. SC Student Loan has put together a template that you may use.