student loans

Welch introduces legislation to aid student loan debt management

News Release — Rep. Peter Welch June 23, 2017 Contact: Kate Hamilton (202) 440-3340 Erin O’Connor (315) 292-3689 Welch, Katko Introduce Legislation to Help College Graduates Better Manage Student Loan Debt WASHINGTON— Reps. Peter Welch (D-VT) and John Katko (R-NY) today introduced bipartisan legislation to help federal student loan borrowers make smarter loan choices and […]

Welch legislation encourages young farmers to pursue agriculture

News Release — Rep. Peter Welch June 14, 2017 Contact: Kate Hamilton (202) 440-3340 Welch Unveils Legislation to Remove Faced by Young Farmers RICHMOND, Vt. – Rep. Peter Welch today convened a roundtable of young Vermont farmers and agricultural leaders to discuss the challenges facing young people interested in pursuing agricultural careers. Welch unveiled bipartisan […]

Student loan forgiveness could help farmers grow

“We are five years behind where we could be,” says one Vermont farmer struggling with student debt. A bill before Congress looks to attract more young people to the field and help them succeed.

Vermont Attorney General Joins Multistate Letter Opposing U.S. Dept. of Education’s Rollback of Student Loan Servicing Reforms

  News Release — Office of the Attorney General April, 24th 2017 Contact: TJ Donovan Attorney General (802) 828-3173 Attorney General Donovan today joined a multistate letter calling out the U.S. Department of Education for abdicating its responsibility to millions of student loan borrowers. The Department is revoking critical reforms designed to help students avoid […]

Leahy, Sanders, Others Demand Fair and Consistent Treatment of Student Loan Borrowers in Public Service

News Release — Sen. Patrick Leahy, Sen. Bernie Sanders April 7, 2017 Sen. Leahy Press Contact: David Carle 202-224-3693 Sen. Sanders Press Contact: Dan McLean 802-862-6695 . . . Recent announcements by the U.S. Department of Education suggest some borrowers can’t rely on their prior notices about debt relief – LINK WASHINGTON (FRIDAY, April 7, […]

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 […]