Education loans come in three major categories:
The ultimate responsibility of financing an education lies with the student. Students who finance their education with student loans must understand that with the acceptance of the loan comes the responsibility of prompt and full repayment.
The University stresses this responsibility not only because loan repayment is ethically correct, but also because loan default could eventually lead to loss of financial aid to future students.
You may be eligible for a tax credit of up to $5,000 on your 2017 personal income tax! Listen to MHEC's NEW podcast episode to learn about new initiative.
In order to apply, you must:
This tax credit must be used to pay down undergraduate student loan balances within two years of receiving the credit.
To apply, download the application below. You must complete and mail the application with the supplementary documentation to the Maryland Higher Education Commission at 6 N Liberty Street, Baltimore, MD 21201, 10th Floor.
Due to the confidential information in the completed application package, please do not send any application materials via email.
MHEC will certify all eligible Student Loan Debt Relief Tax Credit recipients by December 15, 2019.