VSAC completes $29.9 million bond sale
Standard & Poor’s gives transaction an ‘AA’ rating
WINOOSKI (July 10, 2014) – Vermont Student Assistance Corp., the state’s nonprofit corporate agency committed to the mission that all Vermonters can pursue education after high school, announced it has completed the sale of $29.9 million in education loan revenue bonds, receiving an ‘AA’ rating from Standard and Poor’s and an ‘A’ rating from Fitch Ratings.
VSAC used the successful bond transaction to raise funds to offer competitive, fixed-rates as low as 5.85 percent APR on the Vermont Advantage loan for students in the 2014-2015 school year.
The Vermont Advantage education loan is available to both undergraduate and graduate students, with a qualified co-signer, who need additional financing for postsecondary education or training. Vermont students attending college in the U.S. or abroad or students from out of state attending a Vermont institution are eligible for this financing.
For more information on education financing, visit www.vsac.org/Advantage or call 800-226-1029.
Vermont Student Assistance Corporation is a public, nonprofit corporation created by the Vermont Legislature in 1965 to help Vermonters plan and pay for education or training beyond high school. VSAC administers Vermont’s 529 college savings plan; outreach services to encourage low-income students to aspire to and complete college; college and career planning services for all Vermonters; need-based state grants for full-time, part-time and non-degree study; public and private scholarship programs; and private education loans. Find us at www.vsac.org or on Facebook at https://www.facebook.com/VermontStudentAssistanceCorporation.