VSAC shows you how to pick the right education loan

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VSAC shows you how to pick the right education loan

Sat, 09/26/2020 - 9:00am -- katie
Online interactive webinar tackles the ABCs of student loans

Vermont Business Magazine  Vermont Student Assistance Corp. is offering a free online webinar for students and families on how to make smart borrowing decisions, Tuesday, July 28 at 6 p.m. Students and families can participate via Zoom by registering at https://bit.ly/VSAC_ed_loans or by visiting VSAC’s Facebook page. The event also will be recorded and available for viewing at a later date.

With college bills coming due soon, parents and students need to decide which loans to accept to get the best interest rates and terms. Most Vermonters borrow to help cover the costs of their education – about 7 in 10 Vermont students use loans to pay at least part of the bill.

Not all loans are created equal, so families and students need to understand the features of each loan they are considering in order to make the best decision possible. Learn about the differences between federal loans, private loans and loans made by schools. Find out how interest rates and repayment options affect how much you’ll pay back.

You’ll also learn how to maximize your financial aid offer to lower how much you have to borrow. Bring your questions and get answers from the experts. Panelists include Marilyn Cargill, vice president of VSAC’s financial aid services, research and marketing; Deborah Lessor, VSAC manager of private loan origination, and Greg Davis, director of financial aid at Champlain College.

Parents and students will have the opportunity ask questions during the presentation, which may be addressed during the live broadcast itself, privately during the broadcast or in a follow-up 1:1 consultation. You can also submit your questions prior to the webinar by sending them to haskell@vsac.org.

For more information, contact Sabina Haskell at 542-2240 or haskell@vsac.org

 

About VSAC – Changing Lives through Education and Training since 1965

Vermont Student Assistance Corporation is a public, nonprofit agency established by the Vermont Legislature in 1965 to help Vermonters achieve their education and training goals after high school. VSAC serves students and their families in grades 7-12, as well as adults returning to school, by providing education and career planning services, need-based grants, scholarships and education loans. VSAC has awarded more than $600 million in grants and scholarships for Vermont students, and also administers Vermont’s 529 college savings plan. Share your VSAC story by email to myVSACstory@vsac.org or submit a video to YouTube. Find us at www.vsac.org or check in on Facebook and Twitter#changing lives