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Vermont’s teacher forgivable-loan program draws strong demand; VSAC reports 166 awards in second round
Summary
Vermont Student Assistance Corporation reported strong demand for the state’s teacher forgivable-loan program: 74 awards in the first year, 166 in the second, and nearly 200 qualified applicants left unfunded this cycle. VSAC officials said the program may expand but demographic and retention data are still being collected.
Committee members received an update on the teacher forgivable-loan program from Scott Giles, president and CEO of the Vermont Student Assistance Corporation (VSAC). Giles told the committees the program has attracted strong demand and that VSAC will return with a targeted budget request for continuation and expansion.
Giles said the program was slow to start but gained momentum after outreach to higher-education partners and councils. He reported 74 awards in the program’s first year and 166 awards in the most recent cycle, and that nearly 200…
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