VSAC completes $29.9 million bond sale
WINOOSKI -- Vermont Student Assistance Corp., the state's nonprofit corporate agency committed to the mission that all Vermonters can pursue education after high school, announced it has completed the sale of $29.9 million in education loan revenue bonds, receiving an 'AA' rating from Standard and Poor's and an 'A' rating from Fitch Ratings.
VSAC used the successful bond transaction to raise funds to offer competitive, fixed-rates as low as 5.85 percent APR on the Vermont Advantage loan for students in the 2014-2015 school year.
The Vermont Advantage education loan is available to both undergraduate and graduate students, with a qualified co-signer, who need additional financing for postsecondary education or training. Vermont students attending college in the U.S. or abroad or students from out of state attending a Vermont institution are eligible for this financing.
For more information on education financing, visit www.vsac.org/Advantage or call 800-226-1029.