S.C. Code Regs. § § 19-1280

Current through Register Vol. 48, No. 11, November 22, 2024

Section 19-1280 - Transfer Provisions

A. In the event the designated beneficiary matriculates in an independent institution of higher learning in South Carolina, the appropriate benefits as defined in Section 19-1210B.4 of the tuition prepayment contract will be forwarded to the institution. For purposes of the Program, the per semester benefits shall be the average tuition charged by the colleges and universities at the time of matriculation.

B. A designated beneficiary may transfer the benefits of a tuition prepayment contract to an eligible out-of-state college or university. For purposes of the tuition plans, the per semester benefits shall be average tuition charged by the colleges and universities at the time of matriculation, less an administration fee to be determined by the Board.

S.C. Code Regs. § 19-1280

Added by State Register Volume 22, Issue No. 6, Part 1, eff June 26, 1998.