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Late Fees if Delinquent

Payments must be received by the University of Oregon on or before the due date. Payments are due on the first of each month, however some borrowers are on a quarterly repayment schedule.  Quarterly payments are due on the 1st of January, 1st of April, 1st of July and the 1st of October.  If a borrower fails to make a payment on time the loan is considered delinquent. Late fees and additional interest will be charged.

Protect your credit rating, loans are reported to national credit bureaus. If you are unable to make a payment on time, contact us immediately for a possible deferment or forbearance.  

University of Oregon
Student Loans & Collections
(541) 346-1253 for Allen Taug or (541) 346-3171 for the main line
Fax (541) 346-6049


The university may declare a loan to be in default for failure to:

  • Make a scheduled payment when due
  • Submit to the university, on or before the due date of a scheduled payment, documentation of eligibility for forbearance, deferment, or cancellation; or
  • Non-compliance with the terms and conditions of the Master Promissory Note or written repayment agreement.

The consequences for defaulting on a Perkins Loan may include, but is not limited to:

  • Adverse reporting to credit bureaus, delinquent debt collections procedures under Federal law, and litigation
  • Referral to collections agencies and incurring additional charges
  • Loss of eligibility for deferment, forbearance or cancellation benefits
  • Loss of eligibility for future Title IV Federal financial aid (Perkins, Pell Grants, Federal Direct or Federal Family Education Loans, or any other Federal Aid)
  • The loan may be accelerated, and the entire balance declared immediately due and payable, including principal, interest, late fees and collection costs.
  • The loan may be assigned to the Department of Education for collections
  • The borrower may be subject to withholding of State of Oregon income tax refunds
  • Inability to order official transcripts until the loan is paid current

Loan Rehabilitation Program

Defaulted Perkins Loans can be restored to current loan status through rehabilitation. To do so, the borrower must enter into a written payment agreement and voluntarily make nine (9) on time consecutive monthly payments in an amount determined by the University of Oregon. If a Perkins Loan is successfully rehabilitated, eligibility for new Title IV financial aid will be reinstated, the original terms including deferment and cancellation benefits will be reinstated, and late payment history will be removed from the credit history. A borrower may rehabilitate a loan only once; if a loan goes into default again, the default status will continue until the loan is paid in full.

Contact us for details:

University of Oregon
Student Loans & Collections
(541) 346-1253 for Allen Taug or (541) 346-3171 for the main line
Fax (541) 346-6049

Hardship Repayment Options

Upon written request, the university may extend a repayment period for up to an additional ten years if the borrower qualifies as a low-income individual during the repayment period or for the period necessary beyond the ten year repayment period if, in the university's opinion, a period of prolonged illness or unemployment prevents the borrower from making the scheduled payments. Interest continues to accrue during any extension of a repayment period.  

If required by the university to make a minimum monthly payment on a loan, the university may also permit paying less than the minimum monthly payment amount for a period of not more than one year at a time for periods of prolonged illness or unemployment. However, such action may not extend the repayment period beyond ten years.

Payment arrangements on past due loans

Protect credit ratings and avoid costly collections charges. If unable to make a payment on time, contact the Student Loans Department immediately.

A borrower may qualify for benefits available under the Perkins Loan Program such as deferment, forbearance, loan rehabilitation or cancellation. These benefits can postpone payments, reduce payment amounts or cancel some or all of the principal loan balance. Other payment arrangements may be possible.

Contact the university today to discuss your options:

University of Oregon
Student Loans & Collections
(541) 346-1253 for Allen Taug or (541) 346-3171 for the main line
Fax (541) 346-6049