1. (1) A borrower under contract to teach at least half-time in a public elementary or secondary school in Oregon may defer the beginning of the repayment period for up to three years, subject to annual verification of employment status.
2. (2) A borrower who can document his/her inability to locate suitable employment may defer the beginning of the repayment period for up to three years, subject to annual verification efforts to locate employment.
3. (3) No borrower may receive more than three years of authorized deferment of repayment.

Statutory/Other Authority

ORS 348

Statutes/Other Implemented

ORS 329.757 - 329.780

History

OSAC 1-2015, f. & cert. ef. 12-18-15
SSC 1-1988, f. & cert. ef. 1-6-88
SSC 4-1987(Temp), f. 10-12-87, ef. 10-15-87