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September 2, 2025
Dear Faculty and Staff,
I’m pleased to share the following information from the Maryland Higher Education Commission regarding the Student Loan Debt Relief Tax Credit. This opportunity may be of interest to members of our university community who are managing student loan debt.
The Maryland Higher Education Commission (MHEC) encourages you to apply for the Student Loan Debt Relief Tax Credit, a benefit that helps state employees reduce their student loan debt. The application period for the 2025 tax year closes on September 15, 2025.
Application Period
- Opens: July 1, 2025
- Closes: September 15, 2025
Completing the brief application could result in a significant tax credit, helping you pay down your existing student loan balances. Many Maryland state employees have received the credit, and many have received the maximum credit of $5,000.
Eligibility Requirements
- Must be a Maryland resident for the 2025 tax year.
- Must file Maryland state income taxes for the 2025 tax year.
- Must have incurred at least $20,000 in undergraduate and/or graduate student loan debt.
- Must have a minimum of $5,000 in outstanding student loan debt at the time of application.
- Recipients of the tax credit must demonstrate that the entire amount awarded was directly applied to eligible student loan payments.
To Apply
Visit the MHEC website to complete the application and for further information:
Don’t miss out on this opportunity to significantly reduce your student loan debt.