Maine Student Loan Tax Credit Program Falls Flat

Updated 4 months ago

AUGUSTA, Maine (AP) — It’s been more than five years since Maine lawmakers created tax credits for college graduates who remain in the state to work. But lawmakers and advocates say the state’s failure to market it means only a fraction of graduates are using it.

Lawmakers heralded the Educational Opportunity Tax Credit as a bold plan to keep the best and the brightest in the state after graduation when they approved it in 2007.

But no marketing strategy was ever started and recent efforts to fund one have been cut. Advocates say that’s caused the program to go underutilized and overlooked.

Lawmakers approved a bill last year to fund a marketing initiative for Opportunity Maine, but the $22,000 was cut to find savings in the state budget.


MENU