Legislation introduced in December proposes that independent or eligible dependent residents who use any form of the GI Bill in any way to pay for their post-secondary education or training be eligible for in-state tuition rates.
The sponsor of the the legislation, S. 93, is Sen. Tom Young, R-Aiken, who could not be reached Monday.
If the bill became law, it would come with costs, however.
If enacted, universities statewide impact are estimated to suffer a $7 million loss in foregone revenues.
The Commission on Higher Education polled the state’s institutions and found the minimum costs to be $70,000, and the maximum to be $1.7 million.
But the commission said potential revenue hits could grow exponentially, because the number of veterans using their GI Bill benefits or those conferring the benefits to a dependent child, according to a fiscal impact statement from the State Budget Division.
The GI Bill pays up to a limit, based on the highest cost of attendance for in-state students, which is now at $18,022 annually, according to the Feb. 18 fiscal impact statement.
South Carolina is home to 413,000 veterans, according to the S.C. State Office of Veterans’ Affairs.