Maryland Education Section 18-112

      (a)      Except as otherwise provided in this title, repayment obligations incurred by recipients of student financial assistance, scholarships, grants, or loans administered by the Commission under this title shall be calculated at an interest rate equal to and matching the interest rate established by the United States Department of Education for the Federal Stafford Loan on the first day of July of each year, with interest not accruing prior to notification to the Commission of a recipient's graduation or termination from an institution of higher education.

      (b)      A recipient shall commence repayment obligations incurred under this title upon graduation or termination from an institution of higher education.