Opportunity Maine is a program administered by the Maine Revenue Service that offers a Student Loan Repayment Credit to college graduates who live and work in Maine. Through this program, graduates can receive up to $2,500 of their student loan payments reimbursed every year, with a lifetime value of $25,000. To qualify, individuals must have obtained a degree after 2007, be a Maine resident, and have a certain amount of earned income during the tax year. The program aims to recognize the investment made by individuals in their education and incentivize them to live and work in Maine. By providing financial assistance for student loan payments, Opportunity Maine encourages graduates to contribute to the local community and economy. To participate, individuals simply need to complete and submit the Educational Opportunity Tax Credit Worksheet when filing their Maine income tax return.Generated from the website