Maryland Statutes
Subtitle 32 - Maryland Loan Assistance Repayment Program for Foster Care Recipients
Section 18-3203 - Amount of Award

(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.

Structure Maryland Statutes