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VSAC seeks more nursing forgivable loans as demand outstrips Global Commitment funding; warns rural health grant timeline is tight
Summary
VSAC told the House Appropriations Committee it funded 176 nursing forgivable-loan recipients last year with $3.2 million from Global Commitment, requested an additional $2 million to meet demand, and urged swift action on a $195 million rural health transformation grant because of 'use-it-or-lose-it' timing constraints.
At a Feb. 3 hearing before the House Appropriations Committee, Scott Giles and Patrick LeDuc of the Vermont Student Assistance Corporation described growing demand for nursing forgivable loans and warned that a large rural health transformation grant has strict timing that will require quick program design and rollout.
Funding need and scale: Giles said VSAC historically funded a nursing forgivable-loan program with Global Commitment dollars and that last year VSAC received $3.2 million for the program. He told the committee…
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