Designated by the State of South Carolina, South Carolina Student Loan (SCSL) is the only statewide, non-profit education lender. They are dedicated to making higher education possible. Every loan made since the inception of the program in 1973 has been made for one purpose….to assist people in achieving the dream of a college education. SCSL offers a private student loan, the Palmetto Assistance Loan (PAL), and they are the only source in the state for loans under the SC Teachers Loan Program.