Hogan Proposes Capping Maryland University Tuition Increase at 2 Percent

Gov Larry Hogan announced plans Tuesday to spend $17.5 million next year to defray rising tuition at many public Maryland colleges.

Along with his proposed 2 percent cap on in-state tuition increases, the governor pitched a small tax break for many state residents repaying student loans.

Both initiatives need General Assembly approval and come as the governor must close an estimated budget gap of more than a half-billion dollars.

Individuals making up to $200,000 a year would be able to deduct student loan interest payments from their state income taxes under Hogan’s plan, which he described in broad terms during a news conference at the University of Maryland, College Park. Student loan interest is often deductible from federal income taxes.


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