SC Student Loan is a nonprofit organization established by the state to make education loans to South Carolina residents and students attending South Carolina institutions. Since its inception in 1973, SC Student Loan has issued more than $8.2 billion in loans and helped more than 460,000 students pursue their educational goals. Thanks to their efforts in consumer education and planning, they help students borrow less, enabling SC Student Loan to maintain one of the lowest default rates in the nation.