Institutions of Postsecondary Education - Institutional Debt - Report

HB 920 requires Maryland colleges and universities to submit annual reports to the Maryland Higher Education Commission detailing student debt data. The reports must include total institutional debt (tuition, fees, room/board), broken down by student demographics (race, age, residency, etc.), debt collection status, and debt resolution methods like payment plans or charge-offs. Institutions face civil penalties for failing to submit reports or providing inaccurate information, with the Commission required to follow specific notice and hearing procedures before imposing penalties. The Commission must then summarize these reports for the Maryland General Assembly by December 1 each year, starting in 2027. This bill focuses on transparency around student debt without altering debt collection practices or financial aid policies.