Parents are eligible to borrow up to the cost of education minus other financial aid received by the student. The amount of the award varies according to financial need and availability of funds. Funds are paid on a monthly basis. Students must apply for and be hired for on- campus jobs. If they do not obtain employment, they may forfeit their awards.
Initial payments can take up to three months to be processed.
The Educational Assistance Grant and Legislative Scholarships are state scholarship programs administered by the Maryland State Scholarship Commission for undergraduate Maryland residents enrolled for at least 12 credits per semester. For a Legislative Scholarship you must also contact your state senator and all three delegates. Several new tax benefits are available to help families meet the cost of post-secondary education. These tax benefits are intended to help students and their parents, as well as all working Americans, to fulfill a variety of educational objectives. Taxpayers can claim one or, in some cases, two new tax credits for expenses they pay for postsecondary education for themselves and their dependent children.