Are there any second chance student loan programs?

In New Hampshire, there are student loan programs available for students who have previously had difficulty with their student loan repayment. These programs allow students to have a second chance at successfully managing their student loan repayment. The New Hampshire Higher Education Loan Corporation (NHHELCO) offers a loan rehabilitation program for borrowers who may have defaulted on their student loans or are behind on their payments. This program allows borrowers to be eligible for loan consolidation after six successful monthly payments. The loan rehabilitation program lets borrowers start fresh with a clean loan record. The NHHELCO also offers a loan forgiveness program for borrowers who meet certain criteria. This program consists of a one-time payment reduction of up to 50% of the balance. This can help borrowers get back on track and manage their loan repayment more easily. Additionally, the U.S. Department of Education offers income-driven repayment plans that help students get back on track with their student loan repayment. These plans allow borrowers to adjust their payment amount based on their income and family size. This can significantly lower the monthly payments and can make loan repayment more manageable. In conclusion, New Hampshire offers a variety of second chance student loan programs for borrowers who have had difficulty with their student loan repayment. These programs can help borrowers get back on track and manage their loan repayment more easily.

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Are there any second chance student loan programs?

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