Overview
What is South Carolina Student Loan Corp?
South Carolina Student Loan Corp (SCSLC) is a nonprofit organization based in Columbia, South Carolina, with a mission to provide student loans to eligible borrowers for higher education and service the loans until repaid. Established by the people of South Carolina, SCSLC assists residents in attending institutions beyond the public-school level by offering and managing student loans. Additionally, the organization acts as an agent for other institutions and foundations, handling and disbursing their education-related funds, as well as servicing their student loans and acquisitions of contingent interests in student loans. SCSLC employs approximately 40 individuals in carrying out these functions.
Official website here: www.scstudentloan.org
Is South Carolina Student Loan Corp legitimate?
South Carolina Student Loan Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Carolina Student Loan Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,185,142
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,302,075
For more financial information, click here
What is the mission statement of South Carolina Student Loan Corp?
South Carolina Student Loan Corp (SCSLC) is dedicated to facilitating educational financing for residents by managing and administering loans. Its mission is to help individuals in South Carolina access funds to attend institutions beyond the public-school level. In addition to offering student loans, SCSLC functions as an agent for other institutions and foundations, handling their funds and servicing their loans, guarantees, insurance, and acquisitions of student loans. By providing these services, SCSLC aims to expand educational opportunities for many.
Official website here: www.scstudentloan.org
Who is the CEO of South Carolina Student Loan Corp?
David A Simon Iii is the Director of South Carolina Student Loan Corp. The CEO's salary of South Carolina Student Loan Corp is $482,761 and their total compensation is $602,409.
Official website here: www.scstudentloan.org
What is the revenue of South Carolina Student Loan Corp?
South Carolina Student Loan Corp's revenue in 2023 was $58,099,567.
Official website here: www.scstudentloan.org
Who are the executives of South Carolina Student Loan Corp and what are their salaries?
The average compensation at South Carolina Student Loan Corp during 2023 was $87,180. There are 40 employees at South Carolina Student Loan Corp.
Here are 17 key members and their salaries (South Carolina Student Loan Corp's CEO's salary is $482,761 and their total compensation is $602,409):
- David A Simon Iii (President & Ceo, Secretary) [Trustee/Director]
- Bill Bochette (Cfo & Coo)
- Marsha King (Vp Of Operations)
- Ralph Jones (Vp Of Loan Programs)
- Joseph Buzhardt (Director Of Business Intelligence)
- Christine M Wojcik (Vice President Of Human Resources)
- Melanie Brooke Thomas (Vice President Of Finance)
- James Thornton Kirby (Chair) [Trustee/Director]
- Jason Caskey (Vice Chair) [Trustee/Director]
- Fred L Green Iii (Treasurer) [Trustee/Director]
- Neil E Grayson (Director)
- Gautam S Ghatnekar Dvm Ph D (Director)
- Willie Jeffries (Director)
- Barbara F Weston (Director)
- A Neill Cameron Jr (Director)
- Charlie C Sanders Jr (Director)
- Renee R Brooks (Director)
Official website here: www.scstudentloan.org
Where can I find the form 990 for South Carolina Student Loan Corp?
The South Carolina Student Loan Corp’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.scstudentloan.org
Learn more at the official website: www.scstudentloan.org
Mission Statement of South Carolina Student Loan Corp
South Carolina Student Loan Corp (SCSLC) is a mission-driven organization dedicated to facilitating educational finance for the residents of South Carolina. Its primary role involves receiving, disbursing, and administering funds for educational purposes. More specifically, SCSLC assumes the function of originating, processing, and managing student loans. This nonprofit institution plays a significant role in granting access to higher education to individuals beyond the public-school level in the state.
The people of South Carolina have entrusted SCSLC with the power to act as an agent for other institutions and foundations. In this capacity, the organization receives, invests, handles, and disburses funds. Furthermore, SCSLC services student loans, guarantees, insurance, and acquisitions of contingent interests in student loans on behalf of private and governmental institutions and foundations. By taking on these responsibilities, SCSLC enables these organizations to focus on their core activities while ensuring the smooth financing of education for students in South Carolina.
In essence, South Carolina Student Loan Corp is an essential partner in the educational journey of countless individuals in the state. By providing student loan services, it paves the way for students to pursue their academic goals and build a brighter future. Through its various functions, SCSLC plays a vital role in making education more accessible and affordable to the residents of South Carolina.
Impact
This information is meant to be a general summary of South Carolina Student Loan Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
South Carolina Student Loan Corp's impact is significant in providing student loans to eligible borrowers for higher education and servicing these loans until they are paid off by the borrowers. By fulfilling the desire and direction of the people of South Carolina in making loans available to residents to attend eligible institutions beyond the public-school level, SCSLC plays a crucial role in facilitating access to higher education for individuals in the state. Additionally, as an agent for other institutions and foundations, SCSLC handles the receiving, investing, and disbursement of funds related to student loans, guaranteeing student loans, insuring student loans, and acquiring contingent interest in student loans. Through its activities, South Carolina Student Loan Corp contributes to the public benefit by supporting students in pursuing their educational goals.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT LOAN INTEREST
Revenue
$44,374,601
SPECIAL ALLOWANCE
Revenue
$6,024,522
US DOE SUBSIDIZED INTEREST
Revenue
$1,409,019
LATE CHARGES
Revenue
$929,985
SCEAA REMITTANCE
Revenue
$501,087
Organization Details
Founding Year
1973
Phone
(803) 798-0916
Principal Officer
David A Simon Iii
Main Address
PO BOX 102405, COLUMBIA, SC, 29224
Website
www.scstudentloan.org
NTEE Category
Code: B41 - Education
If you are a representative of South Carolina Student Loan Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.