Maryland residents have until Monday, September 15, to apply for the Student Loan Debt Relief Tax Credit .

This credit provides up to $5,000 in relief for the 2025 tax season.

Why It Matters

Millions of student loan borrowers face renewed repayment pressure after federal collections and repayment activities resumed in 2025. This has potentially increased monthly obligations and enforcement risks for borrowers in default.

The Maryland credit aims to ease short-term burdens for qualified in-state borrowers. Nationally, student loan borrowers carry more than $1.77 trillion in student debt, which impacts credit scores and delays home buying and starting a family for many.

What To Know

To qualify for Maryland's Student Loan Debt Relief Tax Credit, you must be a Maryland taxpayer who m

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