Information on How to File Your Tax Credit from the Maryland Higher Education Commission

​ If you are receiving a tax credit, please:
  • Go to the Maryland Comptroller’s Website at  and scroll down to PART M “REFUNDABLE INCOME TAX CREDITS”
  • Then go to #1 “Student Loan Debt Relief Tax Credit” and enter the amount in the letter that the Maryland Higher Education Commission sent you.
  • Attach certification.
  • Follow the instructions on Part M #6 ​​t​o report the total of your refundable Tax Credits on your State Tax Form 502, 505, or 5​15 and report the total accordingly.
  • Go to the next page on the form to ensure you followed all the instructions to successfully file for your tax credit.
​The Maryland Higher Education Commission (MHEC) announced the awarding of nearly $5 million in tax credits to 4,419 Maryland residents with student loan debt. Nationally, student loans exceed $1.3 trillion and Maryland’s average is $27,000 per graduate. 
More than 5,000 people applied for the student loan tax credits. The tax credits were divided into two groups of eligibility: Maryland residents who attended a Maryland institution and those who attended an out-of-state institution.  Eligible taxpayers who paid in-state tuition will receive $1,201 in tax credits while those who paid out-of-state tuition will receive $1,000 in tax credits.
Those who were eligible to receive a tax credit for the 2017 tax year had to have:
  1. Completed and submitted an application to the Maryland Higher Education Commission by September​15th;
  2. Been a resident of Maryland for the tax year;
  3. Incurred at least $20,000 in total undergraduate student loan debt; and
  4. Had at least $5,000 in outstanding student loan debt during the tax year for which they are applying.
  5. Submit undergraduate student loan information, Maryland Income Tax Information and college transcripts.
​​​​​​​​Proof of Payment to Lender
Upon receiving the Student Load Debt relief Tax Credit for 2017, each recipient must use the credit within two years to pay down the balance of the student loan debt.  Failure to do so will result in recapture of credit back by the state.
Recipients of the Student Loan Debt Relief Tax Credit have two option for debt repayment:
(1) Make a one-time payment ($1,201.00 or $1,000.00) to the lender, or
(2) Make monthly payments to the lender until the amount of the credit is paid to the lender (i.e. - if the recipient received a $1,000.00 credit, the recipient could make ten payments of $100.00)
Providing Documentation of Proof of Payment:
(1) One-time payment -  A copy of transaction log from the lender providing proof that amount was paid to the lender
(2) Monthly Payments - A copy of transaction log from the lender showing monthly payments totaling the amount of the credit
Mail All Proof of Payments to:
Maryland Higher Education Commission
Student Load Debt Relief Tax Credit
6 N. Liberty Street, 10th floor
Baltimore, MD 21201
PLEASE PROVIDE A VALID EMAIL ADDRESS ALONG IWTH PROOF OF PAYMENT. Upon receiving documentation, a confirmation email will be sent.
For more information, call Mr. Bobby Aramideh at 410-767-7266 or Mr. Anthony Reiner 410-767-3087.