Maryland Statutes
§ 15-118
(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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Nearby Sections
15
§ 15-101
§ 15-101§ 15-102
§ 15-102§ 15-103
§ 15-103§ 15-104
§ 15-104§ 15-105
§ 15-105§ 15-106
§ 15-106§ 15-106.1
§ 15-106.1§ 15-106.10
§ 15-106.10§ 15-106.11
§ 15-106.11§ 15-106.2
§ 15-106.2§ 15-106.3
§ 15-106.3§ 15-106.4
§ 15-106.4§ 15-106.5
§ 15-106.5§ 15-106.6
§ 15-106.6§ 15-106.7
§ 15-106.7