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Sanford received a Bachelor of Arts degree in business from Furman University in 1983 and a Master of Business Administration degree from Darden Graduate School of Business Administration at the University of Virginia in 1988.
Shortly afterward, he moved to Sullivan's Island, South Carolina, an affluent suburban community off Charleston.
Before his senior year of high school, Sanford moved with his family from Fort Lauderdale to the 3,000-acre (1,200 ha) Coosaw Plantation near Beaufort, South Carolina.
Later in his tenure, he embarked on a plan to reform methods of funding the state's public education system, including measures such as school vouchers– aimed at introducing more competition into the school system as a means of fostering improvement.He explained his veto as being the only way to get the cuts he desired, and that using the line item veto would have been inadequate as well as impossible.However, in a special session the following day, both houses dismissed Sanford's call for reform by overriding his veto–effectively restoring their original budget.Sanford defeated Van Hipp in the runoff and easily defeated State Representative Robert A. in the November general election, winning by 66.3% to 32.4%.