The Higher Education Coordinating Commission may:

1. (1) Negotiate for and contract with private and governmental agencies for the establishment of financial aid programs.
2. (2) Receive gifts of any type, including gifts of stock and real property, for the purpose of establishing, continuing and increasing financial aid.
3. (3) Administer any form of financial aid submitted to and accepted for administration by the commission.
4. (4) Authorize payment from funds appropriated therefor, of costs, commissions, attorney fees and other reasonable expenses, including refund of overpayment of fees, that are related to and necessary for making and protecting guaranteed loans and recovering moneys and loans and management of property acquired in connection with such loans.
5. (5) Sue and be sued.
6. (6) Cooperatively coordinate all types of financial aid activities.
7. (7) Deny financial aid to any student owing a refund or in default on financial aid previously made available to that student.

Note: Sections 8 and 9, chapter 384, Oregon Laws 2025, provide:

Sec. 8. Study regarding reporting requirements affecting public institutions of higher education and the Higher Education Coordinating Commission. (1) The Higher Education Coordinating Commission, in consultation with community colleges and public universities described in ORS 352.002, shall conduct a study regarding reporting requirements affecting public institutions of higher education and the commission.

(2) The study must:

(a) Inventory all existing laws that require public institutions of higher education to report information to the commission;

(b) Inventory all existing laws that require public institutions or the commission to report information to the Legislative Assembly, a committee of the Legislative Assembly or the Governor; and

(c) Provide recommendations for improving the efficiency, relevance and quality of reporting in higher education, including but not limited to:

(A) Proposals to eliminate reports, consolidate reports, alter the frequency of reports, modify due dates of reports or adjust the content of reports; and

(B) Proposals for new reporting requirements that improve analysis and comprehension of activities and outcomes for the higher education systems in this state.

(3)(a) The proposals for new reporting requirements described in subsection (2)(c)(B) of this section must primarily rely on existing human resource and technology capacities, including any capacity that results from proposals submitted under subsection (2)(c)(A) of this section.

(b) The commission shall specify if any recommendation would require an increase in capacity to carry out, including the potential fiscal impact of the recommendation.

(4) The commission shall submit a report on the study conducted under this section in the manner provided by ORS 192.245, and may include recommendations for legislation, to the interim committees of the Legislative Assembly related to higher education no later than November 15, 2026. [2025 c.384 §8]

Sec. 9. Section 8 of this 2025 Act is repealed on January 2, 2027. [2025 c.384 §9]

[Formerly 351.645; 1967 c.430 §5; 1973 c.721 §5; 1977 c.725 §9; 1981 c.209 §1; 1987 c.48 §1; 1995 c.179 §8; 1997 c.652 §35; 2003 c.360 §§1,2; 2007 c.426 §§2,3; 2011 c.637 §172; 2013 c.747 §115; 2015 c.513 §17]