Harvey. MS. HARVEY: Thanks. Mr. M. Wayne Staton off Conway. And you may he’s right up. M. WAYNE STATON, getting properly pledged, testifies the following: Chairman PHILLIPS: Do you have people wellness-relevant conditions that the brand new evaluation panel will be made familiar with that would stop you from offering into Panel in the an excellent complete strength? MR. STATON: No, sir. President PHILLIPS: Given your industry and other affairs, are you willing to have the ability to sit in Board group meetings into a normal foundation? MR. STATON: Sure, sir. President PHILLIPS: Have you got any interests, expertly or actually, that represent a dispute interesting due to your service toward this new Board? MR. STATON: Zero, sir. Chairman PHILLIPS: Can you today hold one societal status away from award or believe that, if the selected into Panel, carry out have you violate the twin place of work carrying term out of the new structure?

USC is selected

MR. STATON: Zero, sir. Chairman PHILLIPS: Thanks a lot, sir. Go ahead. MR. STATON: I am a graduate of College from South carolina. I’m a member of the Alumni Organization and you may a person in brand new Gamecock Club. And you will I’m trying suffice my second term since a member of your Board off Trustees at the School out of South carolina. I’ve been regarding banking job as the 1970. My wife was finishing the girl 31st 12 months publicly training. We have lived in Horry Condition given that 1978 and you can We have existed in the Conway while the 1985. I’m a member of the fresh new Kingston Presbyterian Chapel and you will earlier elderly. We offered once the good trustee into the Conway Hospital Foundation. I’m a dynamic member of the fresh Board from Administrators out-of United Method and have come a promoter of the Joined Means since taimi the early ’70’s.

I would personally getting glad to ask questions. Answer any queries. President PHILLIPS: Dr. Enjoy. Affiliate Enjoy: Many thanks. Mr. Staton, We ask you to answer this question since you are in the coast. I spent a lot of time the other day whenever we were tests people, while i told you before, on the deferred fix. However, we together with spent a lot of time these are graduation pricing within colleges. And the Palmetto Fellows System together with fact that new most recent statute requires that 18 per cent of your Palmetto Fellows currency end up being spent on private institutions and you can 82 per cent of it end up being designated to have social organizations, and this percentage is according to the part of children who typically is actually subscribed to societal instead of individual associations in the condition. We now have a different sort of scholarship system that’s significantly more financially rewarding than the Palmetto Fellows.

Chairman PHILLIPS: Well, why don’t we discover

And is also this new Professor Fellows program. And the Teacher Fellows Program usually honor college students $six, annually in lieu of 5,000 you to Palmetto Fellows get. In addition to that, the students meet the criteria on the $2, Lifestyle Grant so they can rating $8, a-year for the grant money. Brand new catch in this is why We target which to anybody on the coast. Establishments was basically designated to-be Teacher Fellow web sites. Seaside, that we know you’re off one area nevertheless yes take the new USC Board, Coastal wasn’t chose just like the an instructor Other website regardless of those having an enthusiastic encade (ph) off qualified software off around. None was Winthrop, neither is actually Clemson. Nevertheless the ports was delegated right here rather than the payment regarding investment.

USC had thirty five of your own 2 hundred scholarships and grants. However, 84 of those scholarships and grants are going to private universities. You to definitely concerns me personally a great deal. The complete tracking procedure regarding grant currency most puzzles myself since the the whole aim of all of men and women apps is to keep our very own most readily useful and you can brightest people within the South carolina, particularly coaches. What i’m saying is you will find instance a lack of educators and they coaches need certainly to pay back its loan due to practise solution. The brand new College or university usually fights our elected representatives inside seeking flow that recording process. Now, during my head, the fresh College can be penalized on this that getting Teacher Fellows. Do you assistance tracking that cash and you can allocating they, pushing brand new allocation of it towards the 82 – 18 %? And i also query you to just like the I’m very concerned.