Federal bill may hurt Vt. college loan agency
Source: timesargus.com Posted By: Nellie D...5306 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....