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Statutes Text

Article - Education


    (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.

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