Vermont Student Loans And Financial Aid Programs
Vermont has several private student loan and financial aid programs that can help you pay for college. If you're going to be attending college in Vermont, you need to be looking to take advantage of these programs.
These programs are designed to help make college more affordable - so that you can get the education you need. These programs can include scholarships, grants, and student loans.
Don't forget that there are Federal student loan programs available as well. You can find out more on how to get a Federal student loan here.
There is also a specific order of operations to pay for college that we recommend students follow. These programs specific to the State of Vermont can help you to avoid borrowing more money than you need to.
Vermont Student Loan Programs
Vermont has a unique student loan program called the Vermont Advantage Loan. This loan has a low fixed rate APR, great repayment plan options, and no or low fees. It is administered by VSAC, which offers a lot of student loan plans. Check out the Vermont Advantage Loan here.
However, there are still Federal student loans available to students who attend college in Vermont.
If you're just looking for private student loan options, we recommend:
- Credible - Like the Kayak of student loans, they help you shop around and compare options. Try Credible here.
- College Ave - One of the best private student loan lenders. Get A Quote At College Ave Here.
Check out our complete guide to finding the best student loans here.
Vermont Scholarship Programs
Vermont doesn't have an specific state-wide scholarship programs, but there are over 140 different scholarships available in the state of Vermont.
Check out this website for a list of all the different scholarship programs available in Vermont.
Vermont Grant Programs
Vermont also has a grant program to provide need based financial aid to Vermont residents.
Grants are one of the best forms of financial aid because, in most circumstances, you don't have to pay the money back.
This grant is designed to incentive financially needy individuals to apply and go to college.
Grant amounts vary by student and by year, depending on available funding. During the 2022-2023 academic year, eligible students received awards ranging from $1,000 to $14,000.
You can learn more about Vermont Incentive Grant.
Vermont Short Term Training Grant
This grant is designed to help financially needy Vermont residents who attend college part time.
Grant amounts vary by student and by year, depending on available funding. During the 2022-2023 academic year, eligible students received awards ranging from $500 to $9,230.
You can learn more about the Vermont Short Term Training Grant.
If you already have student loans and are looking for options as a Vermont resident, check out our Vermont Student Loan Forgiveness Program page. That page has all the different options available to Vermont residents to potentially get some of your student loan debt forgiven.
You might also look at refinancing your student loans and saving money in interest while also potentially lowering your payment. Check out our guide on the Best Places To Refinance Your Student Loans.
If you're looking to pay for college in Vermont, check out our Vermont 529 Plan and College Savings Guide.
Finally, check out the other student loan and financial aid programs by state.
Editor: Colin Graves Reviewed by: Chris Muller