Are there any special programs to help those with loans from foreign universities?
Yes, there are special programs to help those with loans from foreign universities in Pennsylvania. The Pennsylvania Higher Education Assistance Agency (PHEAA) offers the Foreign Loan Repayment Program. This program helps borrowers who have loans from any foreign institution to repay the loans responsibly and provide financial readiness education. The Pennsylvania Higher Education Assistance Agency also offers the Loan Reproduction Program. This program helps those who have borrowed from a foreign university and cannot afford to make full repayments. The Loan Reproduction Program allows borrowers to receive assistance in the form of reduced loan repayment amounts. The Pennsylvania Higher Education Assistance Agency also provides counseling and loan management services to borrowers who have taken out loans from foreign universities. Counselors can help borrowers identify loan consolidation opportunities, review and explain repayment options, and propose solutions to repayment challenges. The Pennsylvania Higher Education Assistance Agency can also help borrowers apply for the U.S. Department of Education’s Income-Based Repayment, Pay As You Earn, and Public Service Loan Forgiveness Programs. These programs are designed to assist borrowers with their loan repayment and provide loan forgiveness to those who qualify. In summary, the Pennsylvania Higher Education Assistance Agency offers a variety of special programs and services to help those with loans from foreign universities. These services can provide assistance in loan repayment, loan forgiveness, and financial readiness education.
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