VSAC names new presidentApril 15,2013
VSAC names new president
WINOOSKI — Scott Giles will be the new president and CEO of the Vermont Student Assistance Corporation.
July 1, Giles — who joined VSAC in 2003 and is currently the vice president — will succeed longtime President and CEO Don Vickers, who will retire July 1 after 42 years with the organization.
“Our objective was to find a visionary, entrepreneurial leader capable of building on VSAC’s unique strengths and tackling the challenges ahead,” said Dorothy Mitchell, chairwoman of the VSAC Board of Directors.
Giles was instrumental in VSAC’s efforts to adapt to changes in federal law in 2010 that eliminated the agency’s authority to finance and make federal education loans, a key source of revenue for the organization.
Giles worked with Vermont’s congressional delegation to have the law amended so that state-based nonprofits like VSAC could compete for federal education loan servicing contracts. As a result, VSAC began servicing new federal loans in the fall of 2012.MORE IN This Just In
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