(1) One hundred percent of principal and interest will be cancelled for borrowers who, within a period of five years following completion of either the authorized teacher education program or a period of authorized deferment, complete:
- (a) Three years of equivalent full-time teaching in public elementary or secondary schools in Oregon; or
- (b) Three years of teaching under a full-time contract (working at least three-fourths time in classroom teaching and no more than one-fourth time not in classroom teaching duties during regular school hours) in public elementary or secondary school in Oregon, as approved by the Commission upon written request of the borrower.
- (2) One hundred percent of remaining principal and interest will be cancelled upon the death or total and permanent disability of the borrower.
Statutory/Other Authority
ORS 348
Statutes/Other Implemented
ORS 329.757 - 329.780
History
OSAC 1-2015, f. & cert. ef. 12-18-15
SSC 1-1989, f. & cert. ef. 7-31-89
SSC 2-1988, f. & cert. ef. 6-9-88
SSC 1-1988, f. & cert. ef. 1-6-88
SSC 4-1987(Temp), f. 10-12-87, ef. 10-15-87