The Maryland Parental Guarantee Agreement is a legally binding document that allows a parent, guardian, or other responsible adult to guarantee a loan for a student who is attending an eligible post-secondary educational institution in the state of Maryland. There are two types of Maryland Parental Guarantee Agreements — the Maryland Parental Guarantee Program (PGP) and the Maryland Parent Loan (MPL). The PGP allows a parent or guardian to guarantee loans issued by the Maryland Higher Education Commission (MHC). The MPL is a loan program offered by the MHC that allows parents or guardians to borrow on behalf of their dependent student to cover educational expenses. Both types of agreements require the parent or guardian to make regular payments on the loan and to remain responsible for repayment if the student fails to pay.
Maryland Parental Guarantee Agreement
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How to fill out Maryland Parental Guarantee Agreement?
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