Employees have been fighting for these measures, among others, for months.
The VaxU Scholarship Promotion begins July 12 and will last through Labor Day.
Gov. Larry Hogan announced the date during a press conference Tuesday, along with other future orders.
Vaccinated state residents over 18 are automatically entered.
The bill boosts health precautions for student-athletes in the University System of Maryland.
Masks will still be required inside public transportation, health care settings and schools.
Out-of-state tuition will increase by 5 percent.
Students, faculty and staff at Maryland colleges are eligible.
Hogan also lifted restrictions on outdoor dining beginning Saturday.
Panelists also discussed the possibility of making vaccines mandatory in the fall semester.