Additional Sources of Financial Aid
While VSAC provides some sources of student financial aid, such as, scholarships and grants, you may be eligible for additional aid from other sources.
- For information regarding additional sources of aid read on and contact your college.
- Non-Vermont residents can contact their state agency to learn more about grants that may be available in their state of residence.
- Vermonters can apply for a Vermont state grant.
Federal Pell Grants
Federal Pell Grants are awarded to eligible undergraduate students with exceptional financial need who have not earned a bachelor’s or professional degree. Award amounts are based on financial need, the cost of attendance, and enrollment status (full-time or part-time). Pell Grants do not have to be repaid. Contact your college for more information. Visit studentaid.ed.gov for additional information.
Federal Supplemental Educational Opportunity Grant (FSEOG)
The Federal Supplemental Educational Opportunity Grant is one of the campus-based programs, which means it is administered by the financial aid office at participating schools. The grants are for undergraduate students with exceptional financial need. When awarding FSEOG, institutions must give priority to Pell Grant recipients. FSEOG is a grant and does not have to be repaid. Contact your college for more information. Visit studentaid.ed.gov for additional information.
TEACH Grant Program
The TEACH Grant Program provides grants to students who intend to teach in a public or private elementary or secondary school that serves students from low-income families. Contact your college for more information or visit studentaid.gov for the eligibility requirements and conditions.
Federal Perkins Loans
A Federal Perkins Loan is a low-interest rate (5%) loan for both undergraduate and graduate students who demonstrate financial need. The college is the lender; the loan is made with government funds, with a share contributed by the college. The loan must be repaid to the college. Contact your college for more information.
VSAC’s Vermont Advantage Loans
VSAC’s VT Advantage is a private education loan for Vermont students (residents of Vermont who are attending any eligible school, or out-of-state students attending Vermont colleges).
Terms and conditions of private loans vary widely. VSAC’s VT Advantage is a fixed-rate loan and requires a credit-worthy cosigner. For those families able to pay while the student is in school, the VT Advantage interest rate is lower than the federal PLUS loan.
Learn more about private loans in general.
Learn more about VSAC’s Vermont Advantage loan.
Federal Work Study
The Federal Work-Study (FWS) program provides jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses. The program encourages community service work and work related to each student’s course of study. Contact your college for more information.
Other Institutional Aid (i.e., aid from your college)
Many colleges offer additional scholarships and/or loans for which you may qualify. Contact your college for more information.
Check out the following websites for more information regarding student financial aid.