For purposes of the Tuition Prepayment Program, the annual increase in tuition for an institution cannot exceed seven percent per year from Fiscal Year 2006-2007. To the extent that actual tuition for an institution exceeds an annual growth of seven percent per year, the institution shall grant a waiver of the difference to the designated beneficiary and must not pass along the difference to any student.
S.C. Code Ann. § 59-4-120
Tuition increase above seven percent prohibited for participating institutions
Known as the South Carolina Tuition Prepayment Program Act
The act spans §§ 59-4-10 to 59-4-90 (13 sections).
2008 Act No. 246, SECTION 2, eff July 1, 2008.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.