Maryland § 15-121
Full text of Maryland Maryland Code § 15-121, with citation guidance and answers to common questions.
§ 15-121.
(a) (1) In this section the following words have the meanings indicated.
(2) “Cost of attendance” has the meaning stated in 20 U.S.C.A. § 1087ll.
(3) “Expected family contribution” means the amount determined in accordance with 20 U.S.C.A. § 1087nn.
(4) “Financial need” means cost of attendance minus expected family contribution.
(5) “Gift aid” means all financial aid that is not a loan or work–study program, including grants, scholarships, tuition waivers, and third–party payments.
(6) “Institutional gift aid” means gift aid that is funded by a public senior higher education institution.
(7) (i) “Private scholarships” means scholarships awarded by companies, private foundations, nonprofit organizations, and service groups.
(ii) “Private scholarships” does not include awards funded by a private organization that:
1. Is affiliated with a higher education institution; and
2. Requests the higher education institution’s assistance in selecting recipients.
(b) A public senior higher education institution may reduce institutional gift aid offers as a result of private scholarship awards only under the circumstances described in subsections (c) through (e) of this section.
(c) If a student’s total gift aid from all sources exceeds the student’s financial need, a public senior higher education institution may reduce the student’s institutional gift aid until the student’s total gift aid no longer exceeds the student’s financial need.
(d) In addition to the reduction authorized in subsection (c) of this section, a public senior higher education institution may further reduce a student’s institutional gift aid if the institution receives approval from the organization that awarded the private scholarship funds that triggered the reduction authorized in subsection (c) of this section.
(e) A public senior higher education institution may reduce a student athlete’s institutional gift aid in order to comply with the National Collegiate Athletic Association’s individual or team financial aid restrictions.
Frequently Asked Questions About Maryland § 15-121
What does Maryland Code § 15-121 cover?
Section 15-121 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 15-121?
A common citation format is "Maryland Code § 15-121" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 15-121 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.