Vermont Student Assistance Corporation (VSAC) was created by the Vermont Legislature in 1965 to help Vermonters of all ages plan and pay for education or training beyond high school. VSAC has evolved to meet the changing needs of students and families by providing comprehensive career and education planning, financial aid, and education debt management services.
Since its founding, VSAC has administered Vermont’s need-based grant programs, which offer funding to eligible students for full-time, part-time, and non-degree study. Starting with one scholarship in 1965, and expanding to more than 150 today, VSAC also administers public and private scholarships available to Vermonters.
For many years, VSAC has administered federal educational opportunity programs designed to motivate low-income and first-generation students to continue their education. These programs have been highly effective, resulting in thousands of students of all ages achieving their education dreams.
For more than 10 years, VSAC has administered the state’s 529 college savings program, the Vermont Higher Education Investment Plan. This plan offers state and federal tax benefits to investors, and encourages savings as a way to reduce borrowing for college.
VSAC began guaranteeing student loans in 1965 and has nearly 50 years of experience helping borrowers manage their federal and private education debt. VSAC is now partnering with the U.S. Department of Education to service federal loans owned by the department.
VSAC is guided by its nonprofit social mission and by a desire to provide its customers with high-quality, cost-effective support.