Vermont Business Magazine The Community College of Vermont (CCV) and the Vermont Student Assistance Corporation (VSAC) are expanding a program to provide Vermonters with a debt-free college degree.
The 802 Opportunity Grant provides free tuition to Vermonters with a household income of $75,000 or less who do not already have a bachelor’s degree. The scholarship is available for new or returning students of any age. According to US Census data, the median household income in Vermont is $63,477.
The 802 Opportunity Grant is a natural extension of the work of CCV and VSAC to address college affordability.
“The 802 Opportunity Grant empowers Vermonters to invest in themselves,” said CCV President Joyce Judy. “This program removes a barrier and gives Vermont families, communities and businesses a boost. We are proud to partner with VSAC to expand access to affordable education in Vermont.
Funding for 802 Opportunity was approved by Governor Scott and the Vermont Legislature in the summer of 2021 as part of a record investment in training and workforce programs. The program, now in its second year, had an initial income threshold of $50,000.
“We know that education is the greatest equalizer when it comes to economic opportunity,” said Scott Giles, President and CEO of VSAC. “An education beyond high school is necessary for the high-demand, high-paying jobs in Vermont — the jobs Vermonters want and the jobs our employers need to fill. This program is a game-changer for many traditional-age students and working adult students and one of the most important investments the state can make in higher education.
802 Opportunity, in combination with state and federal grants, covers tuition for all credits in a degree program of the student’s choice, plus a $100 administrative fee. The grant does not cover laboratory and studio fees, books or other supplies.
CCV’s fall semester begins on Tuesday, September 6.
To learn more about the 802 Opportunity Grant, visit ccv.edu/actnow Where vsac.org/802Opportunity
CCV is the second largest college in Vermont, serving nearly 10,000 students each year. With 12 locations and numerous online learning options, our students don’t have to travel far from their communities to access our degree and certificate programs, our workforce, our secondary and continuing education opportunities and our academic and veteran support services.
Vermont Student Assistance Corporation is a public, nonprofit agency established by the Vermont Legislature in 1965 to help Vermont residents achieve their education and training goals after high school. VSAC serves students and their families in grades 7-12, as well as adults returning to school, by providing educational and career planning services, needs-based grants, scholarships, and scholarships. student loans. VSAC has awarded more than $600 million in grants and scholarships to Vermont students and administers the Vermont 529 College Savings Plan. Learn more about www.vsac.org.