§ 18-115. Student loan notification letter
West's Annotated Code of MarylandEducationEffective: July 1, 2019
Effective: July 1, 2019
MD Code, Education, § 18-115
§ 18-115. Student loan notification letter
(a)(1) In this section, “education loan” means a direct loan administered by the U.S. Department of Education that is made to assist a student in obtaining a postsecondary education.
(b) An institution of postsecondary education that receives education loan information from the U.S. Department of Education shall provide to each undergraduate student enrolled in the institution who applies for federal student aid in the applicable award year:
(c) An institution of postsecondary education shall provide the information required under subsection (b) of this section to students annually with the student's financial aid award notice.
(d) The information provided under this section may include the following statement:
“The information provided by the institution of postsecondary education was obtained from your Student Aid Report issued by the U.S. Department of Education for the most recent award year. It is based on assumptions made by the U.S. Department of Education as reported in your Student Aid Report and is not meant as a guarantee or promise. This information does not include Parent Plus loans or private student loans.”
(e) If an institution of postsecondary education includes the statement under subsection (d) of this section with the information required under subsection (b) of this section, the institution of postsecondary education does not incur liability for any inaccurate representations made under this section if the representations were:
Credits
Added by Acts 2017, c. 658, § 1, eff. July 1, 2018. Amended by Acts 2018, c. 359, § 1, eff. July 1, 2019; Acts 2018, c. 360, § 1, eff. July 1, 2019.
MD Code, Education, § 18-115, MD EDUC § 18-115
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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