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Pursue a career in a skilled profession — no tuition

New interest-free loans pay up to 100% of tuition fees for training and certification in select high-demand jobs in Vermont.

Vermont Business Magazine The new Vermont Trade Scholarship Waiver Loan Program, proposed by Governor Scott to the Vermont Legislature and administered by the Vermont Student Assistance Corporation (VSAC), will provide Vermont and non-Vermont residents with a discount on eligible student tuition fees. , initial license fees, and exam fees. Recipients enrolled in high-demand vocational training and certificate programs.

Funding for the $3 million trade scholarship program is part of the $84.5 million comprehensive workforce and economic development initiative signed by Gov. Scott in June.

The measure invests in state and federal American Rescue Planning Act (ARPA) funds to address Vermont’s labor shortage and provide local businesses and municipalities with the resources to grow in the future. .

“Investing in trade is a top priority for my administration and this program will help address some of the state’s biggest challenges. This is an opportunity to support the continued recovery and revitalization of the United States,” said Governor Scott.

The new program, open to Vermont and non-Vermont residents, will help meet the urgent need for more trained workers in certain Vermont buildings, machinery, industries, or medical industries. . emergency services; energy, including clean energy, energy efficiency, or weatherability; transportation; broadband; robotics and other areas of high demand. Applications will be accepted and reviewed on a rolling basis until all funding has been awarded. Eligible for programs starting September 1st or later.

“VSAC knows that for nearly all Vermonters, the path to meaningful employment is through a post-high school education or training. We know the cost of education and education are the biggest barriers, and VSAC is very excited to offer this program, which will enable qualified students of all ages to pursue their desired careers. VSAC President and CEO Scott Giles said,

Funds will be awarded to eligible applicants with financial need on a first-come, first-served basis until all funds are exhausted. Applicants must register with the Vermont Department of Labor for the purpose of receiving relevant job referrals if unemployed.

Awards are in the form of interest-free loans that are waived when the recipient signs a promissory note and completes professional work in Vermont for a minimum of one year after completion of the annual license or certification of the funds received. .

Additional funding from the historic bill provides scholarships and loans to eligible students to pursue careers in important areas such as early childhood education, nursing, dentistry, and mental health care.

Congress has increased the family income eligibility level for the popular 802Opportunity program to $75,000 or less. This program offers free tuition at Vermont Community College in combination with other state and federal financial aid. In his first year of the 802 Opportunity, nearly 2,000 students took advantage of free tuition at his CCV.

Eligible Vermont residents may also take advantage of the VSAC Advancement Grant Program. This program funds training in a non-degree or short-term training program to improve job skills and improve your employability.

“These investments in our workforce come at a time when Vermont employers are in dire need of talent,” said Labor Secretary Michael Harrington. “This support will enable the Department of Labor to provide much-needed resources and information, enabling employers to better conduct outreach to fill vacancies, as well as talent pipelines for sustained internal growth. We can also develop our line, and we look forward to continuing to help connect Vermonters to good jobs and other important workforce development initiatives.”

For more information on how to apply, please visit www.vsac.org/workforce-development-funding or call 888-253-4819.

About VSAC – Changing Lives Through Education and Training Since 1965: The Vermont Student Assistance Corporation is a public, non-profit organization established by the Vermont Legislature in 1965 to help Vermonters achieve their post-high school education and training goals. We help you achieve VSAC provides educational and career planning services, need-based grants, scholarships, and education loans to students in grades 7 through 12 and their families and returning adults. VSAC has awarded her more than $600 million in grants and scholarships to Vermont students and administers Vermont’s 529 college savings plans. For more information, please visit www.vsac.org.

WINOOSKI, Vt. — VSAC 8.11.2022