What do you mean by old school? Isn’t it powered by .NET, why would you change that? Genuinely curious, I don’t know much about msft’s developer tools.
No, Visual Basic was its own development stack direct to the OS. It had some pretty nice tooling for creating GUIs in a drag and drop manner. The last version was 6 and that was initially released in 1998.
That being said, the VB6 runtime is STILL in Windows 10, and therefore will be officially supported to a degree for at least 5-8 more years. How’s that for backwards compatibility.
In the early 2000 MSFT released VB .NET (a different language and platform) as a successor, which is what you are thinking of. What the OP misses is the tooling surrounding VB6