Skip to Main Content
<< Back | Return to Main COMAR Search Page

16 records match your request.

13b.08.18.00.htm 13B.08.18.00. Title 13B MARYLAND HIGHER EDUCATION COMMISSION Subtitle 08 FINANCIAL AID Chapter 18 Maryland Loan Assistance Repayment Program for Foster Care Recipients Authority: Education Article, §11-105(u) and 18-3206, Annotated Code of Maryland
13b.08.18.01.htm 13B.08.18.01. 01 Purpose.. The purpose of the Maryland Loan Assistance Repayment Program for Foster Care Recipients is to provide State assistance in the repayment of educational loans owed by foster care recipients who are employed by the State, or by a county or municipality of the State, and who received a graduate or undergraduate degree from an institution of higher education in the State.
13b.08.18.02.htm 13B.08.18.02. 02 Definitions.. A. In this chapter, the following terms have the meanings indicated.. B. Terms Defined.. 1) “Foster care recipient” means an individual who was placed in an out-of-home placement by a state or unit of a state government’s department of social services for 3 years or more2) “Higher education loan” means any loan for undergraduate or graduate study that is obtained by a foster care recipient for tuition, educational expenses, or living expenses from:
13b.08.18.03.htm 13B.08.18.03. 03 Eligibility.. To be eligible for assistance under MLARP Foster Care, an applicant:. A. Shall have received an undergraduate or graduate degree from an institution of higher education located within the State;B. Shall be employed at least 20 hours per week by the State, or by a county or municipality of the State;C. May not be in default on any higher education loan; and. D. Shall be a foster care recipient, as defined under Regulation .02 of this chapter..
13b.08.18.04.htm 13B.08.18.04. 04 Application Procedures.. A. To be considered for assistance under MLARP Foster Care, an applicant shall provide to OSFA:. 1) A completed application, in the form prescribed by OSFA;. 2) A copy of the applicant’s State tax return for the most recent available year or, if the applicant did not file a tax return with the State, a copy of the applicant’s most recent federal tax return or Letter 1077 from the IRS confirming nonfiling status;
13b.08.18.05.htm 13B.08.18.05. 05. Determination of Award Amount.. A. An award amount shall be determined by the Secretary, acting through OSFA, based upon a recipient’s verified overall reported educational debt at the time of application.B. Award funds are distributed in annual amounts, for up to 3 years, provided that the recipient remains eligible and continues to submit required annual employment, lender, and tax documentation.C. An award amount shall be equal to the lesser of 10 percent of the applic
13b.08.18.06.htm 13B.08.18.06. 06 Award Procedures.. A. Eligible applicants shall be ranked and awarded in the order of the submission dates of their completed applications.B. Applicants who are not selected shall be placed on a waitlist pending the availability of funding.C. Applicants not selected in an award year must reapply for consideration in a subsequent award year, and will be ranked according to the submission dates of their completed applications in the year the award is granted.
13b.08.18.07.htm 13B.08.18.07. 07 Recipient Obligations.. A. A recipient shall furnish to OSFA written acceptance of the award and a signed promissory note and employment obligation agreement.B. The promissory note and service obligation agreement shall include:. 1) The obligations of the recipient;. 2) The total and annual amounts of the award;. 3) Penalties for breach of contract;. 4) Circumstances under which the obligation may be canceled, suspended, or waived; and.
13b.08.18.08.htm 13B.08.18.08. 08 Verification.. A. OSFA shall require annual verification that the recipient is fulfilling the recipient's obligation under the service obligation agreement.B. Prior to issuing checks for subsequent years of service, OSFA shall receive confirmation from the eligible employer that the recipient, in accordance with the service obligation agreement, remains employed.
13b.08.18.09.htm 13B.08.18.09. 09 Payment.. A. Recipients of the MLARP Foster Care shall receive an annual loan repayment under the following conditions:1) OSFA shall verify the recipient’s employment and lender information;. 2) OSFA shall issue an annual check co-payable to the recipient and the lender; and. 3) The recipient shall endorse the check and forward it to the lender.. B. If a recipient fails to notify OSFA that the recipient receives other loan repayment assistance, the recipient’s MLARP Fos
13b.08.18.10.htm 13B.08.18.10. 10 Employment Obligation.. A. If a recipient is employed for at least 20 hours per week at an eligible employer, the employment obligation shall be fulfilled at a rate of 1 year for each year that the award was received.B. Those recipients not completing the required employment obligation shall be responsible for repaying the award in full or in part, proportionally to that part of the year for which eligible employment was not completed.
13b.08.18.11.htm 13B.08.18.11. 11 Breach of Promissory Note and Employment Obligation Agreement.. A recipient shall be deemed to be in breach of the promissory note and employment obligation agreement if, among other reasons specified in the note and agreement, the recipient does not maintain eligible employment in fulfillment of the employment obligation.
13b.08.18.12.htm 13B.08.18.12. 12 Repayment.. A. If a recipient fails to carry out the obligations required under this chapter, the recipient shall repay the State the amount of the award provided plus interest.B. Repayment may be prorated if the recipient partially fulfills the employment obligation, as determined under Regulation .10 of this chapter.C. If repayment is required, interest on the funds provided to the recipient shall accrue at an interest rate equal to the interest rate established b
13b.08.18.13.htm 13B.08.18.13. 13 Deferment of Repayment.. A. A recipient may request that repayment required under Regulation .12 of this chapter be deferred:. 1) For up to 1 year, if the recipient is unable to maintain employment within the recipient’s current field because the recipient must care for a spouse or child who is disabled; and2) For up to 3 years, or longer as provided for under §E of this regulation, if the recipient or the recipient’s spouse is assigned to military duty outside of the State.
13b.08.18.14.htm 13B.08.18.14. 14 Cancellation of Obligations upon Death, and Waiver or Temporary Suspension of Employment Obligation.A. Any employment or payment obligation incurred by a recipient is canceled upon the recipient’s death, upon provision to OSFA of a death certificate, or other evidence of death that is conclusive under State law.B. OSFA may waive or temporarily suspend a recipient's employment obligation:. 1) If, in the determination of the Director of OSFA, compliance by the reci
13b.08.18.9999.htm 13B.08.18.9999. Administrative History Effective date: July 30, 2018 (45:15 Md. R. 727).
<< Back | Return to Main COMAR Search Page