• No application fees
• Low fixed interest rates
• Multiple repayment terms
• Interest rate reduction for Direct Debit

Through the PA Forward Student Loan Program, the Pennsylvania Higher Education Assistance Agency (PHEAA) offers private student loan options to enable Pennsylvania students to pursue their higher education dreams and to make managing their loans easier and more convenient.

The PA Forward Refinance Loan is a loan designed specifically for those who are in repayment and want assistance with managing their student debt. This loan is meant for:

• Any PA resident or any resident of an approved state (DE, MD, NJ, NY, OH, VA, and WV) who is the borrower for a student loan
• Borrowers who are currently in repayment
• U.S. citizens or eligible non-citizens of the U.S.
• Borrowers and/or co-signers who meet the minimum credit requirements

The PA Forward Student Loan Program does not require you to have a co-signer unless you have not met the age of majority based on the law of your state of residence or you do not meet the minimum credit requirements. However, you may benefit from a creditworthy co-signer. Having a co-signer may increase your chances that the loan will be approved and may get you a better interest rate.

Qualifying for a PA Forward Refinance Loan

PHEAA uses credit score, employment history, monthly debt payments, and income among other factors when considering whether or not to approve your application. The PA Forward Student Loan Program does not require you to have a co-signer unless you have not met the age of majority based on the law of your state of residence, or you do not meet the minimum credit requirements. However, you may benefit from a creditworthy co-signer. Having a co-signer may increase the likelihood that the loan will be approved and could potentially result in you receiving a better interest rate.

The Borrowing Process

Our objective is to make the borrowing process simple and straightforward. To apply for a PA Forward Refinance Loan, you will want to have the following information available when you apply online:

• Name, address, and telephone number
• Date of birth and Social Security Number
• Email address
• Mobile phone to receive one-time passcode
• Annual income
• Co-signer’s name and email address (if applicable)
• Current student loan account information
• Mobile phone to receive one-time passcode for electronic signature