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VSAC Funding Preserved

Vermont legislators Sen. Patrick Leahy (D-Vt.), Sen. Bernie Sanders (I-Vt.), and Rep. Peter Welch (D-Vt.) helped preserve funding for VSAC.
WASHINGTON - Vermont legislators Sen. Patrick Leahy (D-Vt.), Sen. Bernie Sanders (I-Vt.), and Rep. Peter Welch (D-Vt.) helped preserve funding for VSAC.

A press release says a funding bill released Monday night will require the U.S. Department of Education to continue its contract with the Vermont Student Assistance Corp. (VSAC) and other non-profit student loan services nationwide.

The issue was in an earlier agreement that would have removed mandatory funding for the U.S. Department of Education to contract with non-profit student loan services.

“We at VSAC continue to be very grateful for the leadership and support that our delegation continues to provide,” said Scott Giles, VSAC president and CEO.  “VSAC is unique among state-based agencies because we provide, under one roof, a full range of services aimed at helping Vermonters navigate the complexity of educational choices and how to finance those plans, particularly for those who are low-income or the first in their family to continue on to postsecondary education.”

A final report by the U.S. Department of Education on loans is due by the end of March.
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