Bill > HB795

This bill establishes comprehensive requirements for the Federal Public Service Loan Forgiveness Program (PSLF) in Maryland, focusing on employment certification and increasing awareness. The legislation defines key terms like "public service employer" (which includes state and local government organizations, public schools, libraries, and certain tax-exempt organizations) and mandates that these employers help employees qualify for loan forgiveness by adopting policies that maximize full-time employment calculations. The bill requires public service employers to certify employment for current and former employees who request documentation for the PSLF program, and prohibits unreasonable delays in providing such certification. Additionally, the Student Loan Ombudsman must develop detailed informational materials about the program, including a standardized letter, fact sheet, and frequently asked questions document. Starting in October 2025, these materials must be made available to public service employers, who will then be required to provide the information to new employees within 30 days of hiring and annually to all employees thereafter. The goal is to increase understanding and participation in the federal loan forgiveness program by providing clear, accessible information to potential participants. The bill takes effect on July 1, 2025, giving employers time to prepare for the new requirements.

Budget and Finance, Business and Industry

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0795?ys=2025RS