Maryland Statutes

§ 15-118

Maryland·Article ged Education·Title 15
(a)(1) In this section the following words have the meanings indicated.
(2)(i) “Debt” means any money, obligation, claim, or sum due or owed by a student to an institution of higher education.
(ii)“Debt” includes: 1. Credit extended by or on behalf of the institution that a student is obligated to repay; and 2. A nonfederal loan or debt agreement that is issued expressly for postsecondary education expenses and that is guaranteed by: A. An institution of higher education; or B. A private educational lender that is affiliated with an institution of higher education.
(iii)“Debt” does not include the fee, if any, charged to a student for the actual costs of

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