South Carolina Student Loan Corporation
1901 Main St Ste 400, Columbia, SC · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $58,364,992 | $41,883,579 | $646,197,551 |
| FY2024 | $65,003,840 | $47,614,325 | $616,914,499 |
| FY2023 | $58,099,567 | $47,535,560 | $596,512,008 |
| FY2022 | $39,287,118 | $34,807,348 | $575,291,858 |
| FY2021 | $46,347,737 | $33,733,584 | $604,836,650 |
| FY2020 | $59,459,269 | $53,444,713 | $561,819,797 |
| FY2019 | $79,980,116 | $70,224,552 | $556,000,467 |
| FY2018 | $76,103,826 | $65,453,475 | $545,648,802 |
| FY2017 | $73,557,045 | $68,779,606 | $534,484,319 |
| FY2016 | $120,903,785 | $76,463,958 | $582,881,964 |
| FY2015 | $98,633,493 | $75,488,161 | $539,162,301 |
| FY2014 | $101,443,785 | $79,745,074 | $517,401,318 |
| FY2013 | $116,474,770 | $106,722,452 | $494,371,028 |
| FY2012 | $105,802,184 | $86,904,956 | $482,394,998 |
Form 990 filings
The returns filed by South Carolina Student Loan Corporation (EIN 57-0602805), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $45,658,555 | 78% |
| Other revenue | $12,706,437 | 22% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $40,334,506 | 96% |
| Management & general | $1,549,073 | 4% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 78% of total revenue in FY2025.
- Program services accounted for 96% of functional expenses, management & general 4%, and fundraising 0%.
- 96% of functional expenses went to program services in FY2025. That is higher than 76.2% of 185 Public & Societal Benefit organizations nationwide (too few in SC for a state comparison).
- Net assets covered about 185.1 months of expenses at the end of the reporting year. That puts it in the 93rd percentile among 99 Public & Societal Benefit organizations in SC.
- Total revenue was higher than 98.1% of 105 Public & Societal Benefit organizations in SC.
- Total revenue fell from $105,802,184 in FY2012 to $58,364,992 in FY2025. Revenue increased in 6 and decreased in 7 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- The highest revenue on record here is $120,903,785 in FY2016.
- Net assets grew from $482,394,998 to $646,197,551 between FY2012 and FY2025.
- Contributions and grants made up 26% of revenue in FY2012 and 0% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE MISSION OF SCSLC IS TO RECEIVE, DISBURSE, AND ADMINISTER FUNDS FOR EDUCATIONAL PURPOSES. SPECIFICALLY, SCSLC CARRIES OUT THE FUNCTION OF MAKING, HANDLING, AND SERVICING STUDENT LOANS.
IRS status
| Ruling year | 1975 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | W600 — Public & Societal Benefit |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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