This annual report of the Maryland Higher Education Loan Corporation covers activities for the fiscal year ending June 30, 1973. Tables provide: (1) statistical summary; (2) loans approved, by month; (3) budget summary; (4) condition of reserve account; (5) loans approved, by county of students' residence; (6) loans approved, by lender; (7) loans outstanding, by Maryland lenders; (8) distribution of borrowers, by school location; (9) profile of student borrowers; (10) profile of students converting to payout; and (11) profile of students in default. (KE)