Institutions of Postsecondary Education – Institutional Debt – Report
Sponsor: Benjamin F. Kramer (District 19)Committee: Education, Energy, and the EnvironmentSubject: Higher EducationStatus: Hearing 3/11 at 1:00 p.m. (as of Sep 4, 2026)
What this bill does
Official synopsis
Requiring institutions of postsecondary education to submit a report on institutional debt to the Maryland Higher Education Commission by October 1 each year, beginning in 2027; authorizing the Commission to assess a civil penalty, up to $10,000 per violation, against an institution for failure to submit a report or knowingly including inaccurate information in a report; and establishing certain notice and hearing procedures that the Commission must follow before assessing a civil penalty.
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Testimony (9)
MGA witness listFAV 7FavorableFWA 1Favorable with amendmentsUNF 1Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | DeMinco, Lynne | BCRW | Position only |
| FAV | Muckle, Lonialobbyist | CASH Campaign of Maryland | Written (PDF) |
| FAV | Silver Canady, Tisa | Maryland Center for Collegiate Financial Wellness | Oral |
| FAV | Berkman-Breen, Winston | Protect Borrowers | Oral + Written (PDF) |
| FAV | Madaio, Christopher | The Institute for College Access and Success | Oral + Written (PDF) |
| FAV | Lang, Alan | Individual | Position only |
| FAV | Senator Kramer, Senator Kramerlegislator | Individual | Oral |
| UNF | Peck, Beatrix | Maryland Independent College & University Association | Written (PDF) |
| FWA | Music, Meghan | MHEC | Written (PDF) |