Welcome to VSAC’s online newsroom …
… 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:
Visit our Facebook page at vsac.org/Stories to view inspirational videos of four young adults who appear in TV ads that we began running earlier this year. You can also read about these four, plus two others who were interviewed, to find out how they surmounted obstacles to reach their education goals.
Student loan debt has been in the news a great deal lately. Visit our News and Views section to read loan-related and other op-eds by VSAC CEO Scott Giles.
Although VSAC is no longer able to make new federal education loans (due to changes in federal law), we provide education loans for students to supplement federal borrowing. These loans are credit-based and require a cosigner. Interest rates are fixed and depend on the repayment option chosen: 5.85 percent for immediate payment of principal and interest while enrolled, 5.85%–6.63% APR; 6.25 percent for interest-only payments while enrolled, 6.25%–6.87% APR; and 7.15 percent for deferred repayment, 6.88%–7.41% APR. For more information, visit vsac.org/vermontadvantageloan.
Also on the loan front, as of November 2012 VSAC became a servicer of federal direct loans. We have implemented changes to our computer systems, facility security, and staff training in order to ensure that we meet stringent requirements imposed on federal contractors. We are thrilled to have this opportunity to demonstrate the kind of exceptional customer service that many Vermont businesses and organizations are known for.
Visit the News & Views section of this site for more news about VSAC.