BENEFITS OF A VSAC STUDENT LOAN REFINANCE 

• Competitive fixed rates
• No origination fees
• Cosigner and no-cosigner options depending on your creditworthiness
• Refinance up to $250,000 (minimum $10,000)
• A team with more than 60 years helping students and families realize their education goals
• 0.25% interest rate discount for auto-debit
• Repayment term options of 5,10, 15 or 20 years may be available based on creditworthiness
• Vermont-based financial aid experts to help you

VSAC STUDENT LOAN REFI ELIGIBILITY

You can refinance most private and federal student loans, including:

• Parent PLUS Loans

• Private education loans from national lenders

• Previously consolidated education loans

VSAC may require a credit-eligible cosigner for our VSAC Student Loan Refinance. 

• If your credit or debt-to-income (DTI) doesn’t meet our requirements, you’ll need a qualified cosigner.

• If your credit is strong, a cosigner is optional—but could help you qualify for a lower rate.

The fixed interest rate of the loan is determined by the creditworthiness of the applicant or cosigner, as well as by the refi loan term.

Here's what you'll need to know:

VSAC STUDENT LOAN REFI REPAYMENT & INTEREST RATE OPTIONS

Your VSAC Student Loan Refinance fixed interest rate is determined by the creditworthiness of yourself and/or the cosigner you select, and the loan term that you qualify for and select when you apply for the loan. Once your refi loan is in full repayment, VSAC offers a 0.25% interest rate discount to borrowers who enroll in automated debits through VSAC's LoanPay system. The rates shown below do not include the auto-debit discount.

Examples excluding 0.25% interest rate discount available at repayment for borrowers enrolled in auto payments through LoanPay.:

• 5 years (60 months):
  • Fixed interest rate of 4.50% to 6.75% APR
• 10 years (120 months):
  • Fixed interest rate of 4.80% to 7.35% APR
• 15 years (180 months):
  • Fixed interest rate of 5.10% to 8.25% APR
• 20 years (240 months):
  • Fixed interest rate of 5.40% to 9.45% APR
     

Tip: You'll pay less over the life of your loan if you choose the shortest term.

LOAN REPAYMENT TERMS

• Repayment term options of 5,10, 15 or 20 years may be available based on creditworthiness
• Payments are required monthly. There are no prepayment penalties.
• Up to 24 months of hardship forbearance is available as determined at VSAC’s discretion.
• Repayment periods cannot be extended beyond the original term, other than through periods of approved forbearance.
• Loan debt is canceled completely if the borrower dies or becomes totally and permanently disabled.

VSAC REFI STUDENT LOAN AMOUNTS & PAYMENTS

With VSAC’s Student Loan Refinance program, you choose how much of your existing student loan debt you want to refinance—up to $250,000, with a minimum of $10,000. You can include multiple loans from different lenders and streamline them into a single monthly payment with a fixed interest rate.

Your exact rate and monthly cost will depend on your credit (or your cosigner’s), the loan amount, repayment term, and repayment option.

• Minimum loan amount: $10,000
• Maximum loan amount: $250,000

Why refinance?

• Simplify repayment with one fixed-rate loan
• Potentially lower your monthly payment
• Pay off your loan faster
• Add a qualified cosigner to improve your rate

MONTHLY PAYMENTS & RATE EXAMPLES

VSAC offers fixed-rate refinancing with no origination fees and a 0.25% interest rate discount for enrolling in automatic payments through LoanPay. Below are sample APR ranges and estimated monthly payments based on a $15,000 refinance loan.

APR/Repayment examples for VSAC Refinance Student Loan 2025-2026

Examples excluding 0.25% interest rate discount available at repayment for borrowers enrolled in auto payments through LoanPay.

$15,000 loan example

Assumptions: 
One disbursement of $15,000; Principal and Interest payments begin one month later.  
Rates for a cosigned or non-cosigned loan are the same.
*Term options are based on creditworthiness

Taking out a loan in your name? You and your cosigner will 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 parents or your cosigner
  • name
  • address
  • phone
• Your cosigner's email address
• Recent proof of income
• Details about your monthly rent or mortgage