IMPORTANT – If you’re a spring 2023 Vermont college grad who is staying in state and working for a Vermont-based company, you could be eligible for $5000 in loan repayment! CLICK HERE.
IMPORTANT – If you’re a spring 2023 Vermont college grad who is staying in state and working for a Vermont-based company, you could be eligible for $5000 in loan repayment! CLICK HERE.
Welcome! Thanks for choosing VSAC.
Chances are you're here because you've accepted grants, scholarships and federal student loans, yet you still have remaining college costs to cover. VSAC has been helping students and families like yours navigate financial aid and loans for more than 50 years. Lean on our expertise — we're here for you.
If you are a student attending college in Vermont, or a Vermont resident attending college in or out of state, VSAC offers competitive fixed-rate student and parent loans for undergraduates, graduate/professional students, and parents.
Questions? Call us Monday–Friday, 8:00 am–4:30 pm, 800-226-1029.
10 or 15 years
3 options:
0.25% interest rate discount for auto debit
Yes, to qualified student loan borrowers.
10 or 15 years
2 options:
0.25% interest rate discount for auto debit
With VSAC, you have options. Your loan has a fixed interest rate during the entire term of the loan, determined by the creditworthiness of the cosigner or parent, and the loan term and the repayment option the student or parent borrower chooses when applying for the loan. Students are encouraged to find a cosigner with strong credit. Choosing a loan with the shortest term and an immediate repayment option is your lowest cost option.
You'll need:
You'll need:
In addition to working with the student to decide the term length and repayment begin option that works for the two of you, you'll need:
To start your application, you'll first need to create a MyVSAC profile. You can use this same profile to access grants, scholarships, and loans.
LOAN QUESTIONS? Give us a call to speak with one of our counselors. Monday–Friday, 8:00 am–4:30 pm, 800-226-1029
Follow these 5 tips to keep your student loan interest charges as low as possible:
1Lowest APR'sare available for the most creditworthy applicants, Immediate Repayment, lowest term option and include VSAC's 0.25% interest rate discount.
2APR's for student and parent borrowers assume a $10,000 loan where the student attends school for 4 years and 2 equal disbursements in the first year. For Student and Parent Loan Immediate Repayment, loan enters repayment at final disbursement. For Student Loan Interest Only and Deferred Payment, loan enters repayment after 4 years. For Parent Loan Delayed Repayment, loan enters repayment one year following final disbursement. To receive a 0.25% interest rate discount, the borrower must enroll in VSAC’s auto debit through LoanPay. The interest rate discount benefit is for VSAC Student, VSAC Parent, and VSAC Choice loans with credit approved on or after May 11, 2023, for the 2023–2024 loan product year. The discount applies during active repayment when you make full or agreed upon reduced payments, as long as: (1) Your monthly payment is successfully withdrawn from the authorized bank account each month; (2) All your VSAC loans are 15 days or less past due; and (3) You agree to receive paperless statements. The interest rate discount is suspended during no-pay forbearance, after 3 consecutive failed payments, or if you cancel paperless statements or auto debit. The interest rate discount will not be reflected in the credit agreement, or disclosures you receive. Your loan must be enrolled in VSAC’s auto debit through LoanPay when your loan enters repayment.
VSAC reserves the right to modify, terminate, or discontinue borrower benefits at any time, at its sole discretion.