ANNAPOLIS, Md. – Maryland Governor Larry Hogan says wants to help residents who are struggling with student loan debt and the high cost of college tuition, and he’s pledging millions of dollars in relief to get it done.
At a news conference Tuesday, Hogan announced he is proposing legislation that would make student debt interest payments tax-deductible for all state residents who earn less than $200,000 a year (or $250,000 per couple). He is also proposing funding to cap tuition growth at all colleges and universities at a maximum of 2 percent, as well as making targeted investments in priority projects at higher education institutions.
The Hogan administration says under the proposal, the vast majority of Maryland residents with stude…
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