Work in Vermont. Lose Some of Your Student Loans.
The State of Vermont, in collaboration with the University of Vermont and the Vermont Student Assistance Corporation (VSAC), is offering a $5000 loan repayment program to incentivize and retain new graduates from Vermont colleges and universities. Any graduate during the spring 2023 academic year with a Bachelor's degree can apply. Recipients will be selected on a first-come, first-served basis based on regional, employer, and institutional distribution criteria, as long as funding is available. Applicants must submit proof of employment when applying. Employment will be verified with the Vermont-based employer at two points: after one year of employment and after the second year of employment.
Who is eligible to apply?
Any recent graduate with a Bachelor's degree can apply for the award. Any student can apply that meets the following criteria:
- Spring 2023 graduate from a Vermont institution
- Completed an undergraduate Bachelor's degree program
- Plans to reside and work in Vermont for at least 2 years in a position that requires a Bachelor's degree
When you click the 'Apply' button, you will be taken to VSAC's myVSAC home page. myVSAC is the online account system you will use to apply for and access information about the Green Mountain Job & Retention Program.