MONTPELIER, Vt. (ABC22/FOX44) – State treasurer Mike Pieciak says his office is giving out a record $2.6 million to help Vermonters pay for college.
It’s through the state’s Higher Education Endowment Trust Fund.
Money will be sent to UVM, the Vermont State Colleges system, and the Vermont Student Assistance Corporation (VSAC). From there, it will be distributed to students in the form of non-loan tuition assistance.
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“At a time when the cost of living is higher for everything, the Higher Education Endowment Trust Fund is strengthening Vermont’s workforce and our economy by making higher education more affordable and accessible,” said Treasurer Pieciak.
Since its establishment in 1999, the fund has given out more than $30 million to Vermont students, with most scholarships going to first-generation students.
Pieciak said that the fund is set to provide even more help in the future, with money coming from estate tax revenues.
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One UVM scholarship recipient highlighted the changes they’ve seen.
“This past year I pursued research opportunities, internships, and even was able to fulfill my lifelong dream of studying abroad this spring. I am a first-generation low-income college student, and this funding has been incredibly important for myself and my family.”
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