VSAC completes $21.2 million bond sale on Vermont Advantage education loan
VSAC to offer lowest fixed rates to date; beats out federal PLUS loan
WINOOSKI (June 18, 2015) – Vermont Student Assistance Corp., celebrating 50 years of helping students pursue education after high school, announced it has completed the sale of $21.2 million in education loan revenue bonds rated ‘A’ by Standard and Poor’s and ‘A3’ by Moody’s.
VSAC used the successful bond transaction to raise funds to offer competitive, fixed rates as low as 5.5 percent APR on the Vermont Advantage loan for students in the 2015-2016 school year. These are the lowest loan rates VSAC has been able to offer on its fixed-rate Advantage loans. For families who need financing, these rates are lower than the federal PLUS loan.
VSAC also expects to add Advantage loans for parents and refinancing student loans in the next 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.
About VSAC – Changing Lives through Education and Training since 1965
Vermont Student Assistance Corporation is a public, nonprofit agency established by the Vermont Legislature in 1965 to help Vermonters achieve their education and training goals after high school. VSAC serves students and their families in grades 7-12, as well as adults returning to school, by providing education and career planning services, need-based grants, scholarships and education loans. VSAC has awarded more than $600 million in grants and scholarships for Vermont students, and also administers Vermont’s 529 college savings plan. Share your VSAC story by email to myVSACstory@vsac.orgor submit a video to YouTube. Find us at www.vsac.org or check in on Facebook and Twitter. #changing lives