student loans

Scott Giles: Homework for college borrowing

Nearly seven out of 10 Vermont students will take loans to finance some of their education expenses, and knowing how to compare loans and costs is essential to making college more affordable.

VSAC cutting 55 employees as part of refocusing mission

The Vermont Student Assistance Corp. says it is abandoning the business of servicing direct federal loans because it wasn’t breaking even on it.

VSAC and State Treasurer Beth Pearce Announce Initiative to Lower Loan Costs for Vermont Parents and Students

News Release — VSAC May 24, 2016 Media Contact: Sabina Haskell 802-542-2240 [email protected] New Vermont Advantage loans will benefit from local investment financing program WINOOSKI (May 24, 2016) – Vermont Student Assistance Corp. and State Treasurer Beth Pearce today announced that $4 million in local investment financing will be directed to lower the fixed rates […]

Leahy and Sanders join effort to save Perkins Student Loan Program

News Release — Sen. Patrick Leahy Oct. 29, 2015 Contact: Jay Tilton [email protected] WASHINGTON (THURSDAY, Oct. 29, 2015) — Senator Patrick Leahy (D-Vt.) and Senator Bernie Sanders (I-Vt.) Thursday joined in a bipartisan call to save the Perkins Student Loan Program, a critical lifeline allowing many low-income students the opportunity to pursue higher education. The […]

Welch fights to allow borrowers to refinance student loan debt at lower interest rates

At a press conference this morning at the University of Vermont, Congressman Peter Welch outlined legislation he is advocating that would allow borrowers to refinance federal and private student loans to take advantage of lower interest rates.

Dual enrollment vouchers available for low-income students

The Legislature appropriated $50,000 this spring to support low-income students who might otherwise not be able to take advantage of the chance to take college courses while still in high school.

Student loan scammers seek slice of $1 trillion pie

Vermont Attorney General Bill Sorrell, Rep. Peter Welch and Scott Giles of VSAC warn against schemes that charge hefty fees for loan services that are available free.

VSAC explains fix for accidental student millionaires

Some students who filed online for federal student assistance may find themselves too rich to borrow. The Vermont Student Assistance Corp. is advising students who applied for student loans using the federal government’s Free Application for Federal Student Aid to go back online and check their income level. Due to a glitch in the system, […]

VSAC raises $29.9 million to lend to students

The Vermont Student Assistance Corp. has sold $29.9 million in bonds to raise money to loan to Vermont students. The loans can be used in the 2014-2015 school year by Vermont students attending colleges in the U.S. or abroad, or by out-of-state students attending Vermont institutions. Undergraduate and graduate students can qualify for the Vermont […]

Karen Gross: The KISS solution to the student loan problem

President Obama is right: A wider range of college graduates (and even non-graduates) need a more effective way to pay down their student debt.

Sanders legislation would help students afford college

Flanked by Vermont college students and graduates who are deep in debt, U.S. Sen. Bernie Sanders (I-Vt.) said today he will introduce legislation to help students earn college credits in high school in order to cut the cost of earning a college diploma.

Welch looks to make student aid more flexible

The Flexibility to Innovate for College Affordability Act would expand the eligibility for financial aid for students in accelerated degree programs and reform current reporting regulations that cost institutions money to administer.

Student loan law raises college costs, Sanders says

News Release — Sen. Bernie Sanders, I-Vt. Aug. 9, 2013 BURLINGTON -– U.S. Sen. Bernie Sanders said legislation that President Barack Obama is signing today will let college borrowing costs balloon. “This legislation is going to make an already bad situation of student indebtedness even worse,” said Sanders, a member of the Senate education committee. […]

VSECU awards $15,000 in student loan debt repayment to three Vermonters

This year the Student LIFT program added a new category recognizing those who were the first in their family to attend college. 2013 applicants were able to apply for one of the following awards: Financial Literacy, Service to Vermonters or First Generation. Each category has different requirements, offering award opportunities for applicants with diverse interests and talents.