S.C. Code Ann. § 59-53-163: Bond reserve fund and student fee.

To the end that provision be made for the adequate payment of the principal of and interest on the bonds, the board shall be empowered as follows:

(1) To immediately establish a bond reserve fund for the college for whom bonds are to be issued.

(2) To impose a special student fee, in addition to all other fees and charges, upon each person at such college under such conditions as the board shall determine.