The Opportunity Maine Program provides a state income tax credit for student loan payments made by graduates of Maine colleges who live, work and pay taxes in Maine.

Initially established by an act of the Maine State Legislature in 2007, the Opportunity Maine Program provides reimbursement of education-related loans through a tax credit available for qualified Maine taxpayers. The tax credit is available for payments that graduates make on student loans, not payments made by parents on parent loans. Businesses that pay employees’ student loans as an employee benefit will also be able to claim the tax credit. Lees verder →