VSAC newsline

Irene Racz, VSAC's director of public affairs

… where you can find background information about VSAC, our press releases, annual reports, FAQs, research reports, and schedule of board meetings. The site also includes links to articles of interest about VSAC or higher education topics.

Fast facts about recent news involving VSAC:

A bill signed by the president on March 30 required VSAC and agencies like it to discontinue offering federal student and parent loans on July 1, 2010.  All families must now arrange their “federal-direct” education loans through the colleges students attend. 

However, VSAC is pleased that we will be able to offer a private student loan, the Vermont Advantage Loan, for the 2010-11 academic year. This loan will have a fixed rate that is lower than the interest rate on federal PLUS loans for parents and grad students; the precise rate depends on the repayment option chosen by the borrower. Fees range from zero to 5 percent depending on the borrower’s credit score. Read more about this loan and how to apply for it in our News & Views section.