Establishing the Maryland Public Service Loan Forgiveness Program to assist in the repayment of higher education loans owed by State employees in order to attract, recruit, and retain these employees; requiring the Office of Student Financial Assistance within the Maryland Higher Education Commission to administer the Program; and requiring the Office to report to the General Assembly on or before January 1 of each year on the implementation of the Program and any effects the Program has on State employee recruitment or retention.