Code of Maryland Regulations (Last Updated: April 6, 2021) |
Title 13B. Maryland Higher Education Commission |
Subtitle 08. FINANCIAL AID |
Chapter 13B.08.18. Maryland Loan Assistance Repayment Program for Foster Care Recipients |
Sec. 13b.08.18.09. Payment
Latest version.
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A. Recipients of the MLARP Foster Care shall receive an annual loan repayment under the following conditions:
(1) OSFA shall verify the recipients employment and lender information;
(2) OSFA shall issue an annual check co-payable to the recipient and the lender; and
(3) The recipient shall endorse the check and forward it to the lender.
B. If a recipient fails to notify OSFA that the recipient receives other loan repayment assistance, the recipients MLARP Foster Care award shall be canceled.