BALTIMORE, MD—With the Biden administration releasing its new rules to strengthen accountability for colleges and consumer protection for students, the personal-finance website WalletHub this week released its report on the States with the Highest Student Loan Payments, along with tips for paying off student loan debt. Maryland topped the list with Vermont coming in at No. 2 and Hawaii ranking […]
ANNAPOLIS, MD—Governor Wes Moore announced over the weekend that the Maryland Higher Education Commission has awarded nearly $9 million in 2022 tax credits to more than 9,000 Maryland residents who have incurred student loan debt. “This program offers Maryland residents a critical advantage when looking for options to pay off student loan debt,” said Governor Moore. “These tax credits support […]
BALTIMORE, MD—The Maryland Department of Health on Thursday announced the largest expansion of the Maryland Loan Repayment Program (MLRP) for the 2023 application cycle. In exchange for service obligations to practice in areas of healthcare professional shortage, eligible health care providers and support staff can earn higher education loan repayment assistance from $5,000 to $100,000, depending on licensure. “MDH is […]
BALTIMORE, MD—On August 24, 2022, the White House announced a Student Debt Relief Plan that includes one-time student loan debt relief targeted to low- and middle-income families. The U.S. Department of Education) will provide up to $20,000 in debt relief to Federal Pell Grant recipients and up to $10,000 in debt relief to non-Pell Grant recipients. Borrowers with loans held […]
BALTIMORE, MD—Maryland Attorney General Brian E. Frosh this week announced that the U.S. Department of Education will forgive or refund $3.9 billion in debt for 208,000 former ITT Technical Institute (ITT Tech) students across the country. The announcement follows the urging of Attorney General Frosh, as part of a multistate coalition, to cancel the federal student loan debt of many […]
BALTIMORE, MD—Maryland Attorney General Brian E. Frosh, together with five other attorneys general, is calling on the U.S. Department of Education to cancel the federal student loan debt of thousands of students, including students in Maryland, who attended schools operated by the for-profit company Education Corporation of America (ECA). The Borrower Defense Application submitted last week seeks relief for student […]
ANNAPOLIS, MD—Governor Larry Hogan on Tuesday announced nearly $9 million in tax credits to more than 9,000 Maryland residents with student loan debt, awarded by the Maryland Higher Education Commission (MHEC). To date, nearly $41 million in tax credits has been awarded to Maryland residents. “Since its launch in 2017, more than 40,600 residents have benefited from the Maryland Student […]
BALTIMORE, MD—Maryland Attorney General Brian E. Frosh on Friday joined a multistate coalition urging the adoption of U.S. House and Senate resolutions that call for the cancellation of up to $50,000 in federal student debt owed by every federal student loan borrower nationwide. In their letter to Congress, the attorneys general stress the relief needed for borrowers struggling with unmanageable […]