Senator Campsen authored legislation creating South Carolina’s FutureScholar 529 College Savings Plan, which authorized tax-exempt private investment accounts to fund college and graduate school expenses. At the request of former SC Treasurer Grady Patterson, Campsen led efforts to select FutureScholar investment advisors and administratively establish the program.
The Future Scholar program now has 173,000 accounts with $4 billion in private assets dedicated to education funding. Savingforcollege.com. ranks the self-directed investment plan # 2 in the nation for 10-year performance.Senator Campsen drafted Future Scholar 529 legislation to incorporate future federal tax benefits. Because of this provision, as of 2018, FutureScholar funds can now be used to fund private primary and secondary education in South Carolina.