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Oregon Student Assistance Commission
Oregon Student Assistance Commission
Suite 100
1500 Valley River Drive
Eugene, OR 97401
Phone: (541) 687-7400
Toll-Free: (800) 452-8807
Fax: (541) 687-7414
Website: http://www.osac.state.or.us/
Oregon does not have a program for state school loans. The state also does not offer any additional benefits to students who take out federal student loans. What Oregon does offer are college grants and scholarships. Most are need-based, but there are some that are merit-based. These differentiate between students by using an essay, or an academic major, or a high school affiliation, etc...
Oregon's main grant program is the Oregon Opportunity Grant - The FAFSA is used to determine eligibility so check your FAFSA deadline.
- Eligibility guidelines are ranked by family income and household size- $22,900 for 2 people -> $46,400 for 8 people
- Award amounts are determined by which higher education institution you attend and they range from $1,470-$4,956 per year.
- The student must be an Oregon resident, enrolled at least half-time in an eligible school.
The Oregon Student Assistance Commission manages over 340 grants/scholarships under one database, OSAC Scholarships - The OSAC Scholarship list includes a description of eligibility and award amounts.
- Free online grant applications are available starting this year.
- Scholarships include some for non-Oregon residents, Oregon residents who are going to out-of-state schools, and graduate students
- There is a March 1 deadline for applications for the following school year.
Check your eligibility for other college grants and scholarships
School Loan Forgiveness Programs
Oregon Rural Health Services Loan Repayment Program- offers loan repayment to physicians, dentists, pharmacists, nurse practitioners, and physician assistants
- must practice in a qualifying (as determined by the Office of Rural Health) rural area for 3 years for physicians, dentists and pharmacists; 2 years for nurse practitioners and physician assistants
- repay student loans up to $20,000 per year for 5 years for physicians, dentists and pharmacists; up to $25,000 per year for 4 years for nurse practitioners and physician assistants
- graduate-level federal loans only
- payments made to participants- not the lender
- broken service commitment-> penalty equal to 150% of the program benefit received
Nursing Services Program - offers loan repayment for RN's
- must practice in a qualifying (as determined by the Office of Rural Health) rural area for 2-4 years
- repay student loans up to $10,481 per year for 4 years at a rate of 25% of the loan principal per year
- federal loans only
- payments made to participants- not to the lender
The Oregon Student Assistance Commission college and student loan information is mostly limited to how to apply for free grants. Except for the Oregon Opportunity Grant, most of the college grants and scholarships they manage are privately funded. College loans for students are not part of Oregon's financial aid strategy.
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