Oregon Administrative Rules › Chapter 575 - HIGHER EDUCATION COORDINATING COMMISSION, OFFICE OF STUDENT ACCESS AND COMPLETION › Division 50 - MEDICAL-DENTAL STUDENT LOAN PROGRAM › Section 575-050-0005 - Definitions

Current through Register Vol. 63, No. 7, July 1, 2024
For the purposes of the Medical and Dental Student Loan
				Program, the following definitions shall be used:
(1) "Academic Year". A period of time,
			 beginning September 1, in which a full-time student would normally be expected
			 to complete three quarters of instruction.
(2) "Commission". The Higher Education
			 Coordinating Commission.
(3)
			 "Dependent/Independent Student". The definition of independent/dependent
			 student shall be the definition used for the student aid programs under Title
			 IV of the Higher Education Act of 1965 as amended.
(4) "Division". The Division of State Lands.
(5) "Full-Time Student". A student
			 who is carrying a full-time academic workload as determined by the institution.
(6) "Guarantor or Guarantee
			 Agency". The Higher Education Coordinating Commission.
(7) "Institution". The Oregon Health Sciences
			 University and Oregon State University.
(8) "Interim Note". The basic contract
			 between the student-borrower and the lender whereby the lender makes funds
			 available to qualifying individuals to pay educational costs. It reflects the
			 amount borrowed, rate and maturity, the terms and conditions under which the
			 loan is made, a Disclosure Statement and endorsement by the Commission.
(9) "Lender". The Division of
			 State Lands.
(10) "Resident of
			 Oregon". Residency is established by virtue of the student (in the case of
			 independent students) or the student's parents (in the case of dependent
			 students) having been in continuous residency in this state for the 12 months
			 preceding enrollment. Residency is immediate in the case of a dependent whose
			 parents have moved to this state for a reason other than the student's
			 enrollment. The residency period may be reduced to the preceding six months in
			 the case of an independent student who moved to this state for a purpose other
			 than education:
(a) A dependent resident
			 student whose Oregon domiciled parent(s) move out-of-state shall retain
			 resident classification as long as such students are continuously enrolled at
			 an Oregon high school or postsecondary institution. Continuous enrollment is
			 defined as completion of an academic year within any 12-month period;
(b) An independent resident
			 student shall retain resident classification as long as the student is
			 continuously enrolled at an Oregon postsecondary institution. Continuous
			 enrollment is defined as completion of an academic year within any 12-month
			 period;
(c) A dependent student
			 whose parent(s) are serving on active duty in the United States Armed Forces
			 outside the state of Oregon shall have residency status determined by the
			 parents' declared "home of record". An independent student who is serving on
			 active duty in the United States Armed Forces outside the State of Oregon shall
			 have residency status determined by the student's declared "home of record";
(d) A student from a state other
			 than Oregon or the Trust Territories who is receiving, or is eligible to
			 receive financial assistance through the government of the state or the Trust
			 Territories, shall not be considered a resident of Oregon;
(e) An independent student who otherwise
			 qualifies as an Oregon resident, but pays out-of state tuition and fees shall
			 not be considered a resident of Oregon.