Scslc AIDS in the fulfillment of the desire and direction of the people of south carolina in making loans available to residents to enable them to attend eligible institutions which are beyond the public-school level. Scslc is also empowered to ACT as an agent for other institutions and foundations to receive, invest, handle and disburse funds, and to service student loans, guarantees of student loans, insurance of student loans and acquisitions of contingent interest in student loans for other private, or governmental institutions and foundations.