South Carolina Code of Regulations › Chapter 62 - STATE COMMISSION ON HIGHER EDUCATION › Article II - STUDENT LOAN CORPORATION › Subarticle B - GENERAL REGULATIONS RELATING TO BORROWERS › Section 62-120 - Borrower Eligibility

Current through Register Vol. 48, No. 6, June 28, 2024
A. To be
				eligible to receive a loan under the Teachers Loan Program a student shall:
(1) Be a citizen or permanent resident of the
				United States; and
(2) 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
(3) Have been accepted for enrollment, or
				enrolled in good standing in an eligible institution as defined in the
				Regulations of the Authority and further defined as follows:
(a) For institutions located in South
				Carolina, those:
(i) Which offer baccalaureate
				or higher degree programs which are approved for initial teacher certification
				by the State Board of Education (Board); or
(ii) 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;
(b) 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
(4) Be enrolled on
				at least a half-time basis; and
(5)
				Indicate a desire and intent to teach in South Carolina in an area of critical
				need as defined by the Board annually; and
(6) If an undergraduate student who has
				completed one year (two semesters or the equivalent) of collegiate work and who
				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; or if an undergraduate who has not completed one year of collegiate
				work did achieve a score equal to or greater than the mean score achieved by
				all examines in South Carolina taking the SAT or ACT in the year of graduation
				from high school or in the most recent year for which such figures are
				available; and
(7) If an
				undergraduate student or a first-time graduate student, have attained a
				cumulative grade point ratio of at least 2.75 GPR (on a 4.0 scale) in
				collegiate work; or if an undergraduate who has not completed one semester of
				college work have graduated in the top 40% of his high school class or have
				received a high school diploma through completion of adult education courses or
				passing the GED; and
(8) 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
(9) If a continuing graduate student, have
				maintained a 3.5 GPR (on a 4.0 scale) on graduate work; and
(10) If a graduate student, have not
				previously been certified to teach, but entering a program for the specific
				purpose of becoming certified; or, if previously certified in a non-critical
				area, entering a program for the specific purpose of becoming certified to
				teach in a subject area which is defined by the Board as an area of critical
				need; and
(11) Be eligible in all
				other respects as may subsequently be required by the Corporation.