South Carolina Student Loan Corp
South Carolina Student Loan Corp is a public charity based in Columbia, South Carolina. It provides education loans and related services, and its philanthropic arm, Power:Ed, awards grants to South Carolina organizations working on education access and workforce readiness.
Key facts about South Carolina Student Loan Corp
In short: South Carolina Student Loan Corp gave $1.2M across 21 grants in 2025 (avg $58K), mostly in South Carolina. Source: 2025 IRS Form 990.
- EIN
- 57-0602805
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $1,224,500
- Grants made (2025)
- 21
- Average grant
- $58,310
- Median grant
- $50,000
- Total assets
- $892,319,887
- Primary geography
- South Carolina (89% of itemized 2025 grant dollars)
- How to apply
- The Power:Ed Grant program accepts applications year-round. Full details ↓
- Deadline
- Applications are accepted on a rolling basis, with quarterly review cutoffs of January 1, April 1, July 1, and October…
Data from IRS Form 990, 2025; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$892.3M
-5.2% YoY
Annual Giving
$1.2M
-2.0% YoY
Grant Count
21
-12.5% YoY
Avg Grant Size
$58K
+12.0% YoY
How South Carolina Student Loan Corp gives
- 19% of 2025 grantees were also funded in 2024. Method
Estimate from itemized grant lists in IRS Form 990 filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The corporation’s mission, as stated in its 2024 filing, is to make loans available to South Carolina residents so they can attend eligible postsecondary institutions, and to service loans and related financial arrangements for other institutions and foundations. Its website describes its mission as providing financial assistance programs to eligible students pursuing educational goals and becoming workforce ready.
Power:Ed’s stated focus includes access to education, workforce development, equity, and systemic transformation. The organization says its grantmaking has aimed to assist first-generation students in rural and underserved parts of South Carolina, particularly people from marginalized populations. Its grant program also identifies low-income, underserved, and first-generation students, college access, and pathways to quality workforce opportunities as priorities.
The 2025 grants show support for a range of organizations and projects. For example, Columbia College describes its mission as developing students’ critical thought, lifelong learning, responsibility, and commitment to service and social justice. Helping Hands of Georgetown says it helps county residents experiencing poverty and crisis. A Father’s Place says it works to inspire responsible fatherhood; Trent Hill Center for Children & Families says it houses children removed from their homes or experiencing homelessness and offers counseling; and Cypress Adventures says it develops teens’ leadership and life skills.
Grantmaking
In filing year 2025, the corporation reported 21 grants totaling $1,224,500. Grants ranged from $7,500 to $100,000, with a median of $50,000. The filing narrative separately says Power:Ed provided approximately $1,392,000 in grant awards during the fiscal year ended June 30, 2025.
Review Cycle
Applications are accepted on a rolling basis, with quarterly review cutoffs of January 1, April 1, July 1, and October 1.
Open Grants
3 open opportunities from South Carolina Student Loan Corp
BOLD™ Nursing Faculty Program - Current Faculty Refinancing
South Carolina Student Loan Corp
Amount
Up to $90,000
Deadline
Rolling / Open
BOLD™ Nursing Faculty Program - Graduate Student In-School Loans
South Carolina Student Loan Corp
Amount
Up to $90,000 aggregate ($30,000 per academic year maximum)
Deadline
Rolling / Open
Power: Ed Grant
South Carolina Student Loan Corp
Amount
US $25,000 - US $100,000
Deadline
Rolling / Open
Ready to take the next step with South Carolina Student Loan Corp?
Geographic Focus
Where this funder awards grants
The corporation’s website says its loans are for South Carolina students and parents and for out-of-state students attending South Carolina schools. For 2025 grant dollars, 89% went to recipients in South Carolina, 7% to Alabama, and 4% to Rhode Island.
Grant Distribution by State
Share of 2025 grant dollars across all 21 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2024 to 2025, annual grant giving ranged from $1.2M (2025) to $1.3M (2024). In 2025 it made 21 grants totaling $1.2M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Columbia College ($100K). Together the top 10 received $842K.
Grant Size Distribution
45 grants across all recorded years
The most common grant size was under $50K: 23 grants of 45 (51%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Columbia College Columbia, SC | Women's Day Program | $100,000 |
| Community Foundation of the Lowcountry Fa for SC Nurse Retention Initiative Hilton Head Island, SC | Affordable Workforce Housing Fund | $100,000 |
| Francis Marion University Education Foundation Florence, SC | Awards to francis marion university students to assist with fees and tuition, and to professors to assist in research and to recognize scholarship | $100,000 |
| Helping Hands of Georgetown Georgetown, SC | Youth Leadership and Education Attainment Program | $100,000 |
| Impact Justice Oakland, SC | The Housing Lab | $97,000 |
| A Father's Place Conway, SC | Financial Stewardship Workshops Parenting Education | $95,000 |
| Sight Savers America Pelham, AL | Children's Eye Care Program | $80,000 |
| Cypress Adventures Inc Hartsville, SC | Youth Leadership, Social/Emotional Learning Program Support | $59,000 |
| Trent Hill Center for Children & Families Hartsville, SC | Independent living program for youth ages 18-21 who have aged out of foster care or are homeless | $59,000 |
| Anmed Foundation Anderson, SC | Financial assistance to patients discharged from the hospital without ability to pay for needed medications | $52,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants reported |
|---|---|---|---|---|
| 2025 | $892,319,887 | $58,364,992 | $41,883,579 | $1,224,500 (21 grants) |
| 2024 | $941,337,493 | $65,003,840 | $47,614,325 | $1,250,000 (24 grants) |
| 2023 | $1,048,763,389 | $58,099,567 | $47,535,560 | 0 grants |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $892,319,887 | $941,337,493 | $1,048,763,389 |
| Revenue | $58,364,992 | $65,003,840 | $58,099,567 |
| Expenses | $41,883,579 | $47,614,325 | $47,535,560 |
| Net Investment Income | $12,706,437 | $9,920,545 | $4,852,368 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2024 (received by the IRS November 13, 2024)
- Added Form 990 for fiscal year 2025 (received by the IRS May 12, 2026)
- Added Form 990 for fiscal year 2019 (received by the IRS February 19, 2020)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists David A. Simon III as president and CEO and secretary. It lists James Thornton Kirby as chair and the following directors: Willie Jeffries, Gautam S. Ghatnekar, Charlie C. Sanders Jr., Barbara F. Weston, Renee R. Brooks, Neil E. Grayson, A. Neill Cameron Jr., and Octavia Williams-Blake.
South Carolina Student Loan Corp is led by David A. Simon III, President, CEO & Secretary since 2023 (on filings since 2019); all 21 officers listed in 2025 are compensated.
Officers on the 2025 filing
David A. Simon III
President, CEO & Secretary
President & CEO → President, CEO & Secretary, 2023
On filings since 2019
35 hrs/week
$372K (2019) → $487K (2025)
Claire Ann Gibbons
Executive Director of Powe
Executive Director of Power:ed → Executive Director of Powe, 2025
On filings since 2024
40 hrs/week
$147K (2024) → $153K (2025)
James Thornton Kirby
Chair
On filings since 2023
1 hr/week
$31K (2023) → $30K (2025)
A. Neill Cameron Jr.
Director
Director → Co-Vice Chair, 2021
Co-Vice Chair → Director, 2023
On filings since 2019
1 hr/week
$11K (2019) → $15K (2025)
Barbara F. Weston
Director
On filings since 2019
1 hr/week
$12K (2019) → $16K (2025)
Charlie C. Sanders Jr.
Director
Director, President & CEO → Director, 2020
On filings since 2019
1 hr/week
$505K (2019) → $13K (2025)
Gautam S. Ghatnekar Dvm Ph D.
Director
On filings since 2019
1 hr/week
$14K (2019) → $21K (2025)
Neil E. Grayson
Director
Co-Vice Chair → Director, 2023
On filings since 2019
1 hr/week
$19K (2019) → $23K (2025)
Renee R. Brooks
Director
Chair → Director, 2021
On filings since 2019
1 hr/week
$28K (2019) → $7K (2025)
Joseph Buzhardt
Director of Business Intel
Director of Business Intelligence → Director of Business Intel, 2025
On filings since 2021
35 hrs/week
$106K (2021) → $145K (2025)
Willie Jeffries
Director
On filings since 2021
1 hr/week
$8K (2021) → $16K (2025)
Ericka Green
Director of Risk Managemen
Director of Risk Management → Director of Risk Managemen, 2025
On filings since 2024
35 hrs/week
$110K (2024) → $133K (2025)
Octavia Williams-Blake
Director
On filings since 2024
1 hr/week
$4K (2024) → $7K (2025)
Destra Capers
Director of Marketing & Outreach
New on the 2025 filing
35 hrs/week
$123K (2025)
Fred L. Green III
Treasurer
On filings since 2019
1 hr/week
$24K (2019) → $24K (2025)
Jason Caskey
Vice Chair
Director → Vice Chair, 2023
On filings since 2019
1 hr/week
$7K (2019) → $28K (2025)
Bill Bochette
CFO & COO
On filings since 2020
40 hrs/week
$187K (2021) → $403K (2025)
Ralph Jones
Vice President of Loan Programs
On filings since 2020
35 hrs/week
$120K (2020) → $191K (2025)
Christine M. Wojcik
Vice President of Human Re
Vice President of Human Resources → Vice President of Human Re, 2024
On filings since 2023
35 hrs/week
$137K (2023) → $159K (2025)
Melanie Brooke Thomas
Vice President of Finance
On filings since 2023
35 hrs/week
$144K (2023) → $191K (2025)
Weston Faircloth
It-Operations Manager
On filings since 2024
35 hrs/week
$109K (2024) → $115K (2025)
Former officers (11)
- Former: Marsha King (2019–2024) — Vice President of Operations
- Former: J. Thornton Kirby Esq. (2019–2022) — Chair
- Former: Jennifer Ridenhour (2019–2022) — Secretary
- Former: Michael Fox (2021–2022) — Director of Outreach
- Former: Gary Geddens (2022) — Loan Specialitst
- Former: Melanie Martin (2022) — Business Intelligence Analyst
- Former: Harry R. Brown (2019–2021) — Director · Filing note: Thru 6302020
- Former: Jane Honeycutt (2019–2021) — Vice President of Financial Services · Filing note: Thru 8142020
- Former: Mike Fox (2020) — Director of Outreach
- Former: Sara Fisher (2020) — Director of Power:ed
- Former: David Carwile (2019) — Former Executive Vice President & Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $487K, to David a Simon III (President & CEO, Secretary). 21 officers or directors reported compensation on that filing.
Contact
Mailing address: PO Box 8509, Columbia, SC 29202
Phone: (803) 798-0916
Website: https://scstudentloan.org
Frequently asked questions about South Carolina Student Loan Corp
How much does South Carolina Student Loan Corp give each year?
South Carolina Student Loan Corp gave $1.2M across 21 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $1.3M across 24 grants.
What is South Carolina Student Loan Corp's typical grant size?
South Carolina Student Loan Corp's median grant in 2025 was $50,000, and its average grant was $58,310, across 21 grants on its 2025 IRS Form 990.
Where does South Carolina Student Loan Corp give grants?
South Carolina Student Loan Corp gives mostly in South Carolina: 89% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The next largest state was Alabama (7%). The most frequent recipient cities were Columbia, SC (5 grants), Georgetown, SC (2 grants) and Hartsville, SC (2 grants).
Does South Carolina Student Loan Corp give general operating support?
Not in 2025: none of the 21 grants with a stated purpose on South Carolina Student Loan Corp's 2025 IRS Form 990 were described as general or operating support.
Who are South Carolina Student Loan Corp's largest grantees?
South Carolina Student Loan Corp's largest 2025 grantees include Columbia College ($100,000), Community Foundation of the Lowcountry Fa for SC Nurse Retention Initiative ($100,000) and Francis Marion University Education Foundation ($100,000), according to its 2025 IRS Form 990. Together they received 24% of its itemized 2025 grant dollars.
How large is South Carolina Student Loan Corp?
South Carolina Student Loan Corp reported $892.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $58.4M.
What does South Carolina Student Loan Corp fund?
The corporation’s mission, as stated in its 2024 filing, is to make loans available to South Carolina residents so they can attend eligible postsecondary institutions, and to service loans and related financial arrangements for other institutions and foundations. See mission & focus areas ↑
How do I apply for a grant from South Carolina Student Loan Corp?
The Power:Ed Grant program accepts applications year-round. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is South Carolina Student Loan Corp's EIN?
South Carolina Student Loan Corp's EIN (Employer Identification Number) is 57-0602805. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Here's the math on researching South Carolina Student Loan Corp by hand.
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