Learn more about the limited time waiver for the Public Service Loan Forgiveness (PSLF) program.
Learn more about the Department of Education's recent announcement about Income-Driven Repayment Account Adjustments.
Learn more about the limited time waiver for the Public Service Loan Forgiveness (PSLF) program.
Learn more about the Department of Education's recent announcement about Income-Driven Repayment Account Adjustments.
Funded by the Vermont Legislature, the new Vermont Trades Scholarship Forgivable Loan Program covers up to full tuition, initial licensing fees and exam fees for qualified recipients enrolled in industry-recognized training and certification programs that lead to a career in select building, mechanical, industrial or medical trades; emergency services; energy including clean energy, energy efficiency or weatherization; transportation; broadband; robotics and other high-demand sectors.
Funding is awarded to qualifying applicants with financial need on a first-come, first-served basis until all funds have been depleted.
Applicants must register with VT Department of Labor for the purpose of receiving relevant job referrals, if unemployed.
Awards are in the form of an interest-free loan which is forgiven when the recipient signs a promissory note and has completed the following work obligations:
Note: Preference will be given to students enrolled in a Vermont-based training program.
This award can be used to pay for tuition, initial licensing fees, and exam fees.
The program covers programs that begin on or after September 1, 2022.
In addition to funding to pay for tuition, exams, and licensing, you also qualify for additional help from the State of Vermont. A career counselor from the Department of Labor will assist you in a job search and placement with an employer when your training program is complete. If you don't have a Vermont Job Link account, someone from the Vermont Department of Labor will reach out to you to get started.
Applications are accepted and reviewed on a rolling basis until all funds have been awarded.
Applicants will be notified by mail approximately two weeks after submission of all required documents.
The state of Vermont offers several forgivable loan programs to encourage students to enter the Vermont workforce in specific high-demand fields. These unique loans:
For example: Mary received $16,000 in a nursing forgivable loan program to study nursing at Vermont Tech for her senior year. Upon completion of the program, Mary took her nursing exams and received her license and began working as a nurse in Vermont. One year later her employment was verified, and the loan was forgiven!
Vermont residents may also qualify for the Advancement Grant or the Vermont Grant.