Planning for college or training this year? Apply for the Vermont Grant.
Did you graduate from a college in Vermont from July 2024 - June 2025? If you’re living in Vermont and working full-time for a Vermont-based company, you may be eligible for $5000 in loan repayment! Learn more at the GMJRP page.
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Ready to apply for a student loan?
Let's get started.
VSAC's student loans offer fixed interest rates.
You're in the right place.
VSAC offers competitive Student Loan rates.
Thanks for choosing VSAC for your college cost needs.
If you've accepted grants, scholarships, and federal student loans, but still have a balance due for the school year, you’re in the right place.
VSAC offers competitive fixed-rate student loans for undergraduates, graduate, and professional studies. We serve Vermont residents going to school in the 50 states, Canada, and some additional international countries. If you’re relocating to Vermont for higher education, VSAC also has options for you.
As a multiservice, higher education non-profit, VSAC’s financial aid resources and loans support college-bound students and families as they navigate college expenses.
Before you apply, review which loan program may be best for you.
Loan Terms
10 or 15 years
Repayment Timing
3 options:
- Pay while in school
- Pay interest only while in school
- Pay later
Discounts
0.25% interest rate discount for auto debit
Fees
- No origination fee
- No application fee
- No prepayment penalty
Cosigner Release
Yes, to qualified student loan borrowers.
Loan Terms
10 or 15 years
Repayment Timing
2 options:
- Pay while in school
- Delay payment for 12 months
Discounts
0.25% interest rate discount for auto debit
Fees
- No origination fee
- No application fee
- No prepayment penalty
You Get to Choose
What to consider as you apply.
With VSAC, you decide which loan fits best in your future. As a final step for covering the remaining balance due for college or training, VSAC offers a fixed interest rate private loan. Fixed-rate loans make it easier to track the cost of your loan from the start.
Interest rates vary based on credit scores. And to get students the best rates, VSAC Student Loans require a cosigner to share the responsibility of the loan. Rates are based on the cosigner’s credit score -- and the better their credit score, the better your interest rate. If you’re the parent of a student attending college, our VSAC Parent Loans are another financing option that allows you to borrow for your student’s education.
On your loan application, you'll:
1. Choose your loan amount. The best practice for student loans is only borrowing what you need. Your loan amount should reflect this formula:
2. Choose a term. Choosing a 10-year repayment term compared to a 15-year term means paying less interest, and less money out of your pocket. View our current rates for loans below and plug them into our loan calculator to estimate the lifetime cost of your VSAC loan over 10 or 15 years.
3. Choose when you’ll begin repayment. We know each student and family has unique financial needs and plans when covering the cost of education. One decision when applying for a loan is choosing when to start your loan repayment. VSAC offers three flexible options for students, and two flexible options for parents.
Students:
Full or interest only payments while in school
Start payments after school
Parents:
Full payments while in school (once loan is fully disbursed)
Full payments 12 months after the loan is fully disbursed
No matter which option you choose, VSAC makes it easy to view your loan balance and make any important updates to payments, through your MyVSAC portal. If your plans change, let us know and we’ll figure out next steps together.
What You'll Need to Start Your Application
You'll need:
- Your home address and email address
- Your date of birth
- Citizenship (Resident Alien ID # if applicable)
- Your Social Security Number
- Your driver's license state
- 2 references who have known you for at least 3 years and are not your cosigner
- name
- address
- phone
- Your cosigner's email address
- Estimated financial aid
- School name
- Requested loan amount & academic period (month/year of school)
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:
- Your home address and email address
- Your date of birth
- Citizenship (Resident Alien ID # if applicable)
- Your Social Security Number
- Your driver's license state
- 2 references who have know you at least 3 years (do not use the student borrower)
- name
- address
- phone
You'll need:
- Your home address and email address
- Your date of birth
- Citizenship (Resident Alien ID # if applicable)
- Your Social Security Number
- Your driver's license state
- 2 personal references (do not use the student as a reference)
- name
- address
- phone
- Your student's full name, Social Security Number, date of birth, and driver's license state
- Your student's school name, the requested loan amount, the academic period (month/year of school), and estimated financial aid
Ready to Apply?
To start your application, you'll first need to create a MyVSAC profile.
After You Apply: What's Next?
Here are three important steps after you fill out your application.
1. Look For Updates
After you apply for a VSAC loan, we’ll send you updates as your application goes through our review process.
Updates will automatically be sent to the email you provided on your MyVSAC profile, so please make sure your email information is correct.
2. Stay Informed to Minimize Your College Costs
Staying informed keeps you on track with your financial college planning. Once you’ve applied, keep reading about student loan repayment. You can also read our blog on five easy tips to minimize college costs.
3. Contact Us
If you have questions about the loan process, your recent application, or anything related to financial college planning, contact VSAC.
Give us a call to speak with one of our counselors. Monday–Friday, 8:00 am–4:30 pm EST, 800-226-1029
About Your Interest Rate
1*Lowest APR's are 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 15, 2025, for the 2025–2026 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. You must enroll 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.