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Fee Schedule

Administration Fees, Cancellation and Termination Penalties


SCTPP administrative fees include, but are not necessarily limited to the following:

Enrollment Fee
Account Maintenance Fee
Late Payment Fee - Monthly Payments
Late Payment Fee - Lump Sum Payment
Non-Sufficient Funds Fee
Change of Beneficiary Fee
Change of Contributor Fee
Addition of Joint-Contributor Fee
Out-of-State College Benefits Usage Fee
In-State Private College Benefits Usage Fee
Document Replacement Fee
Refund due to Scholarship Fee
Cancellation Fee - Voluntary Account Closure by the Contributor
Cancellation Fee - Involuntary Account Closure
Special Service Fee

Enrollment Fee A non-refundable eighty-five dollar ($85.00) fee will be collected at the time the enrollment form is submitted.

Account Maintenance Fee A three dollar ($3.00) fee will be included in each monthly payment amount for all months that an account is not paid in full. The account maintenance fee has been incorporated into the monthly payment.

Late Payment Fee – Monthly Payments A twenty-five dollar ($25.00) fee will be assessed for each payment not received by SCTPP within 15 days of the due date. Monthly payments are due on the first day of each month. The fee will be assessed every month that payment is late.

Late Payment Fee – Lump Sum Payment A fee in an amount equal to two and one-half percent (2.5%) of the total lump sum amount due will be assessed if SCTPP does not receive the total payment within 15 days of the due date. A twenty-five dollar ($25.00) fee will be charged every 30 days thereafter until SCTPP receives the full amount due

Non-Sufficient Funds Fee A thirty-five dollar ($35.00) fee will be assessed for all dishonored payments.

Change of Beneficiary Fee A twenty-five dollar ($25.00) fee will be assessed to designate a new beneficiary of a SCTPP contract except in the event of death or disability of the original beneficiary. Please fill out the Change of Beneficiary Form.pdf (65k).

Change of Contributor Fee A twenty-five dollar ($25.00) fee will be assessed to transfer SCTPP contract ownership to a new primary contributor except in the event of death or disability of the original primary contributor. Please fill out the Change of Contributor Form.pdf (58k).

Addition of Joint-Contributor Fee No administrative fee will be assessed for a contributor to add a joint-contributor to his or her SCTPP account. A joint-contributor can make inquiries about the status of the account but may not make account changes or receive account refunds. Please fill out the Add Joint Contributor Form.pdf (46k).

Out-of-State College Benefits Usage Fee A twenty-five dollar ($25.00) fee will be assessed for each tuition invoice processed by SCTPP for payment to an out-of-state college or university. Please fill out the Intent To Enroll Form.pdf (62k).

In-State Private College Benefits Usage Fee No administrative fee will be assessed for a tuition invoice processed by SCTPP for payment to an independent college in South Carolina. Please fill out the Intent To Enroll Form.pdf (62k).

Document Replacement Fee A fifteen dollar ($15.00) fee will be assessed when a contributor requests a copy or replacement of any SCTPP document, certificate, payment coupon booklet, identification card(s), or other similar items.

Refund due to Scholarship Fee No administrative fee will be assessed when a contributor requests a refund due to the contract beneficiary’s receipt of a scholarship. Proof of scholarship and other sufficient documentation must be submitted to SCTPP.  In order to process the refund in a timely manner please follow the instructions on the Scholarship Refund Request Form.pdf (50k).

Cancellation Fee - Voluntary Account Closure by the Contributor A one hundred and fifty dollar ($150.00) fee will be collected when a contributor cancels a SCTPP contract and requests a refund of the SCTPP account. The contributor is entitled to a waiver of the cancellation fee for the following three events:

  • the contributor or the designated beneficiary dies or becomes disabled;
  • the designated beneficiary receives a scholarship which renders the SCTPP contract unusable; or
  • the SCTPP contract is reinstated within 180 days of a payment default. Failure to make any contract payment within 30 days of the due date constitutes default by the contributor and cancellation of the contributor’s and beneficiary’s rights and benefits under the SCTPP contract.

Cancellation Fee – Involuntary Account Closure In the event a SCTPP contract is canceled by the director, the cancellation fee will be collected in the following manner:

  • A five hundred dollar ($500.00) fee will be collected and the SCTPP account closed upon the determination of fraud or any misrepresentation on the part of the contributor to include, but not to be limited to, misrepresentation of the residency of the beneficiary at the time of application to the program.
  • A one hundred and fifty dollar ($150.00) fee will be collected upon cancellation of a SCTPP contract and closure of the SCTPP account due to nonpayment of any required payments within the established timeframe. A contract is subject to cancellation by the director when a payment is six or more months overdue.
  • A one hundred and fifty dollar ($150.00) fee will be collected upon cancellation of a SCTPP contract and closure of the SCTPP account due to the designated beneficiary reaching his or her 30th birthday prior to exhausting the benefits of the contract.

Special Service Fee A twenty-five dollar ($25.00) fee may be assessed for other allowable changes to a SCTPP contract or for special administrative requests initiated by the contributor.

The amount charged by SCTPP for each of these fees and the types of fees are subject to change during the duration of any SCTPP contract. Current administrative fees are posted on the program website, www.sctpp.sc.gov. The waiver of certain fees may be allowed when it is in the best interest of the program, as determined by the director.

LAST UPDATED JULY 2008