SC expanding student loan forgiveness for teachers in effort to keep them in the classroom

By: Jessica Holdman

Outlets: South Carolina Daily Gazette

Published: October 6, 2026

Words: 1,111

Last Updated: 1 week, 4 days ago

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COLUMBIA — South Carolina is spending $10 million to help more teachers pay off or erase their student loans.

Legislators tucked the money in the latest state budget for the new program operated by South Carolina Student Loan Corp.

Under the program, teachers who have federal or private student loan debt can apply to refinance as much as $27,500 worth of those loans for a fixed, 2% rate over 10 years. In some cases, …

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