The Opportunity Maine Program is a bold, practical, and universal promise to reward hard work and a commitment to Maine with educational and economic opportunity.

The Educational Opportunity Tax Credit reimburses Maine workers for student loan payments for those who earn an associate or bachelor’s degree at a Maine school and continue to live and work here after graduation. Alternatively, businesses that pay employees’ student loans as an employee benefit will be able to claim the tax credit, providing a strong incentive to expand or locate businesses here in Maine.

This will remove a major financial barrier for those who thought going to college was out of their reach, and will be a strong incentive for college graduates to start their career, family or business here in Maine.

Update: After two years of work with many stakeholders, including colleges, Maine Revenue Services, FAME, Department of Education and others, Opportunity Maine just got a law passed that simplifies and clarifies your ability to take advantage of the Educational Opportunity Tax Credit. Implementing rules are being developed and will go into effect in September. Sign up for our email list to get further information as it comes.