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HB 555

Code Revision - Higher Education - Janet L. Hoffman Loan Assistance Repayment Program

2026 Regular Session

Maryland revises its Hoffman Loan Assistance Repayment Program to modify eligibility and assistance for borrowers in shortage professions and areas.

Hearing 2/17 at 1:00 p.m.
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Bill Summary · HB 555

Legislative bill overview

HB 555 revises Maryland's Janet L. Hoffman Loan Assistance Repayment Program, which provides loan repayment assistance to eligible borrowers working in designated shortage areas or professions. The bill modifies existing program parameters, eligibility criteria, or funding mechanisms for this student loan assistance initiative. The specific revisions are being considered through the legislative process with a hearing scheduled for February 17, 2026.

Why is this important

Student loan debt is a significant barrier to workforce entry and retention in critical fields like healthcare, education, and public service. Program modifications could expand access to loan assistance, adjust eligibility requirements, or increase funding—directly affecting thousands of Maryland borrowers and the state's ability to recruit professionals in underserved communities. The bill's timing suggests policymakers are addressing either program gaps or capacity issues in loan repayment assistance.

Potential points of contention

  • Fiscal impact: Changes to eligibility or repayment amounts could significantly increase state spending, raising budget concerns during appropriations review
  • Equity and access: Modifications may benefit certain professions or geographic areas over others, raising questions about fairness in program design
  • Program effectiveness: Questions may arise about whether loan assistance effectively addresses workforce shortages versus other recruitment strategies

Compiled from official sources — confirm details with the bill’s official record.

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