Attention Maryland residents: This loan assistance program may help you pay back some of your debts.
To start, you must be a Maryland resident who graduated from a Maryland institution. In addition, you must also work full-time in Maryland state or local government or a nonprofit organization.
If you meet the above requirements, serve low-income or underserved residents, and you gross less than $60,000 per year (if married, your combined gross cannot be more than $130,000), you may meet the criteria.
This program is for those working as lawyers, nurses, nurse faculty members, physical and occupational therapists, social workers, speech pathologists, and physician assistants.
It depends on your debt. If your total debt is $15,000 or less, you may receive up to $1,500 per year. If your total debt is $15,001 to $40,000, you may receive up to $3,000 per year. If your total debt is $40,001 to $75,000, you may receive up to $6,000 per year. Lastly, if your total debt is over $75,000, you may receive up to $10,000 per year.
No matter your total debt, you can receive the indicated amount for up to 3 years.
• Stafford loans
• Grad PLUS loans
• Consolidation loans
• Perkins loans
• Private student loans
If you are eligible for this program, you can find application forms for the Janet L. Hoffman Student Loan Assistance Program here.