VSAC Issues Revenue Bonds

first_imgThe Vermont Student Assistance Corp. (VSAC) recently issued$112.5 million in revenue bonds to meet the demand for new educationloans.Most of the bond proceeds will be used to finance conventionalfederal education loans, primarily Stafford loans for students and PLUSloans for parents. A smaller share will be used to cover what are known asalternative or supplemental loans. Increasingly, education expenses exceedwhat students are able to cover using government grants and loans, forcingstudents to turn to more costly alternative financing. “We remainconcerned about the amounts families are having to borrow to pay forcollege, whether through the federal loan program or other sources,” saidVSAC President Don Vickers said. “As a result, we will continue toadvocate at both the federal and state levels for more grants andscholarships, which, unlike loans, do not have to be repaid.”Despite significant education debt levels in Vermont, VSAC borrowers continue tomaintain a good track record in repaying their loans. The most recentdefault rate for VSAC borrowers is 3.1 percent, one of the lowest rates inthe nation.last_img read more

Chelsea fans furious as academy youngster ‘demands’ higher wages than Harry Kane

first_img1 The England Under-21 international has one year remaining on his current deal at Stamford Bridge It’s getting easier and easier to hit the big time in the Premier League.Chelsea youngster Dominic Solanke, who has only one year remaining on his contract, is demanding £50,000 a week and the promise of senior action to put pen to paper on a new deal, according to the Daily Mail.He currently pockets £8,000 a week and, as can be imagined, his alleged financial request – considering he is yet to start a game for the first team – has not gone down well with Blues supporters.To put this into a little perspective, the Premier League’s top scorer Harry Kane currently earns £35,000 a week at Tottenham Hotspur.And, ironically the news arrived on the same day Manchester United midfielder Juan Mata spoke of the ‘obscene’ amount of money footballers earn.Check out what Chelsea fans think of Solanke’s demands below…last_img read more