Servicemember’s Civil Relief Act
If you are currently serving on active duty in the military, you may be eligible for benefits under the Servicemember’s Civil Relief Act (SCRA) on your VSAC loans obtained prior to your active duty status. This benefit limits the maximum interest rate that may be charged on eligible loans to 6% during periods of service. The 6% interest rate will remain in effect until your period of service is completed.
Effective 8/14/08, the Higher Education Opportunity Act (HEOA) expanded the applicability of the SCRA interest provision to include federal education loans. Private loans have always been eligible for this benefit.
If you would like to apply for this benefit, please send a copy of your orders and a signed request (including your name and account number) or you may download and return the SCRA request form with a copy of your orders to the address or fax number listed below.
Please return your request and orders to:
Vermont Student Assistance Corporation
PO Box 999
Winooski, VT 05404-0999