This paper presents possible methods of cooperation in the area of U.S. educational exchange with Hungary and other Eastern Bloc countries. Specific problems are featured, and information is provided about legal, political, and economic issues and concerns. The paper stresses the need to stop thinking of these countries as politically homogeneous and to learn that socialist countries are becoming politically diverse. Openness in educational exchanges varies from country to country, but Hungary is a leader in international educational projects. Specific financial problems facing the exchanges include the lack of funds, currency regulations, and money exchange rates. New program rationales between Hungary and the United States include an increase in Hungarian student interest and the need for students from both countries to experience a global education. Possible areas of cooperation between the two countries are: (1) undertaking joint research for coordinating existing projects, initiating new programs, and mutual planning assistance; (2) planning student exchange programs through government grants and financial support and between specific schools and providing for exchanges of resource materials; and (3) financing exchanges for specific students and teachers, establishing special foundations, and sponsoring joint exchange ventures. (JHP)