ORS 348.592
Loan cancellation insurance


(1)

The Director of the Office of Student Access and Completion may obtain loan cancellation insurance for any person holding a loan under this section and ORS 348.505 (“Financial aid” defined) to 348.530 (Powers) and 348.570 (Funds in State Treasury).

(2)

The insurance shall insure the life of the student who borrows under this section and ORS 348.505 (“Financial aid” defined) to 348.530 (Powers) and 348.570 (Funds in State Treasury) for the amount of the principal and interest due on the loan and the State of Oregon shall be named as the beneficiary. If the borrower dies before repaying the loan, the insurance shall be used to pay the balance of the loan and the director shall issue a satisfaction of the obligation.

(3)

The Oregon Department of Administrative Services shall procure bids for the purchasing of insurance in compliance with the laws governing the purchase and furnishing of services to state agencies. [Formerly 348.620; 2011 c.637 §177; 2013 c.747 §121; 2017 c.66 §50]
Note: 348.592 (Loan cancellation insurance) was added to and made a part of 348.500 (Purpose) to 348.621 (Requirements for tax credit certification application) by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.

Source: Section 348.592 — Loan cancellation insurance, https://www.­oregonlegislature.­gov/bills_laws/ors/ors348.­html.

348.005
Policy on student financial aid
348.007
Financial aid eligibility for students with modified or extended diplomas
348.015
Definitions
348.017
Requirements for contracts between post-secondary institutions of education and third party financial firms for disbursement and management of financial aid funds
348.100
Student loan information provided to students enrolled in institutions of higher education
348.105
Loan obligations enforceable against minor
348.180
Definitions
348.183
Legislative intent
348.205
Oregon Opportunity Grant program
348.250
Procedure for awarding grants under ORS 348.260
348.260
Oregon Opportunity Grant
348.263
Award of moneys from Oregon Opportunity Grant program to reward student persistence and encourage degree completion
348.266
Opportunity Grant Fund
348.267
Marketing of tax credit
348.268
Scholarships for current or former members of National Guard
348.270
Scholarships for children of public safety officers
348.272
Scholarships for current or former foster children
348.280
Award of scholarships under ORS 348.270 and 348.272
348.290
Financial aid to study barbering, hairdressing, manicure and esthetics
348.295
Scholarships for culturally and linguistically diverse teacher candidates
348.303
Scholars for a Healthy Oregon Initiative
348.394
Definitions for ORS 348.394 to 348.406
348.398
Department of Education authority
348.401
Grant eligibility
348.403
Stipend eligibility
348.406
Speech-Language Pathologist Training Fund
348.440
Definitions for ORS 348.444 and 348.448
348.444
Nursing Faculty Loan Repayment Program
348.448
Program eligibility
348.470
Legislative findings
348.500
Purpose
348.505
“Financial aid” defined
348.511
Office of Student Access and Completion
348.520
Duties of director
348.530
Powers
348.560
Staff
348.563
Authority of Higher Education Coordinating Commission to require fingerprints
348.570
Funds in State Treasury
348.576
STEM Fund
348.580
Agreements with community foundations
348.582
Definitions
348.584
Provision of information about affordability and value of institutions of higher education
348.586
Prohibited promotional activities for institutions of higher education
348.590
Continuous appropriation of certain funds
348.592
Loan cancellation insurance
348.594
Definitions for ORS 348.594 to 348.615
348.596
Purpose of ORS 348.594 to 348.615
348.597
Applicability of ORS 348.594 to 348.615
348.601
Degree Authorization Account
348.603
Duties of commission relating to degree authorization and nondegree programs
348.604
Exemption from ORS 348.594 to 348.615
348.605
Restrictions and duties of exempted schools
348.606
Prohibition on conferring or offering of degree before approval obtained
348.607
Fee for exemption application
348.608
Certification by exempt school
348.609
Representation of possession of academic degree
348.612
Probation or suspension or revocation of approval
348.613
Bond or letter of credit requirement for schools approved to confer academic degree
348.615
Appeal procedure
348.616
Minimum criteria for certification of employer program
348.618
Requirements for program certification application
348.621
Requirements for tax credit certification application
348.696
Education Stability Fund
348.702
Oregon Growth Account
348.716
Oregon Education Fund
348.748
Short title
348.750
Definitions
348.751
Textbook affordability plan
348.752
Coordination of OER Program
348.756
Report on OER Program
348.757
Designation of courses whose materials consist of open or free textbooks or other low-cost course materials
348.900
Needs assessment for health care occupations
348.910
Applied baccalaureate degrees
348.950
Education Commission of the States
348.992
Criminal penalty
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