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February 09, 2010

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Irene Racz, VSAC public affairs director

VSAC stands for Vermont Student Assistance Corporation (not Student Aid Commission). Many education lenders did not offer private loans this academic year, but we made reasonably priced private loans available through the usual second-semester billing period, in fact extending an earlier school certification deadline of Dec. 31, 2009, to Feb. 12, 2010, to accommodate the needs of Vermont students and institutions. We anticipate being able to make private loans available for the 2010-11 academic year. Details will be forthcoming.

Tim Ranzetta

Irene,

Thank you for the correction on the VSAC acronym. No excuse on my part for not getting that right. I look forward to hearing the details about the financing plan for private loans for 2010-11.

Tim

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