§ 18–3203
Statutes in effect as of October 1, 2026.
Md. Code Ann., Educ. § 18-3203 (2026)
Title 18. Student Financial Assistance
Subtitle 32. Maryland Loan Assistance Repayment Program for Foster Care Recipients
§ 18–3203LinkCopy Citation
(a)
Subject to the availability of funds appropriated under subsection (b) of this section, the award amount under the Program shall be equal to the lesser of:
(1)
$5,000; or
(2)
10% of the eligible individual’s total higher education loan debt for each year the individual qualifies for the Program.
(b)
The Governor annually shall include an appropriation of $100,000 in the State budget for the Commission to disburse assistance under this subtitle.