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Federal bill may hurt Vt. college loan agency

Source: Posted By: Nellie D...4054 days ago

Vermont Rep. Peter Welch is trying to blunt the impact of a higher education bill that could devastate the Vermont Student Assistance Corp. (VSAC) and change how most Vermonters borrow for college.

The non-profit lender, which uses interest on student loans to run its operations — including counseling to prospective college students — would have been virtually cut out of the business by a federal bill now being considered by Congress and passed by the U.S. House Thursday. Instead of banks and....

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