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.
Upcoming Events
8:45am - 3:45pm daily through August 4 at VSAC, Winooski
Are you a 7-12th grade math teacher in Vermont? You are invited to a week of professional development, July 31 – August 4, to introduce you to a new course...
Ready to apply for a student loan? Let's get started.
VSAC's student loans for undergraduate & graduate study offer fixed interest rates
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.
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 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.
On your loan application, you'll choose:
10 year or 15 year term
when you begin repayment
your loan amount
What You'll Need
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 & loan period (month/year of school)
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 loan period (month/year of school), and estimated financial aid
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
New to VSAC?
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.
After You Apply: What's Next?
- As we move your application through the process, we'll send you updates. Be sure to check your email regularly!
- Learn more about student loan repayment.
- If you have questions at any time, call us. That's why we're here.
LOAN QUESTIONS? Give us a call to speak with one of our counselors. Monday–Friday, 8:00 am–4:30 pm, 800-226-1029
Tips to Minimize Debt After Borrowing
Follow these 5 tips to keep your student loan interest charges as low as possible:
- Make your payments on time.
- Pay a little extra with each payment. Even $20 extra a month can make a difference!
- Avoid extending your repayment term.
- Avoid deferring your interest payments.
- Avoid defaulting on your loan.
About Your Interest Rate
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.