Student Debt Relief for Mainers

Move to or stay in Maine and you could get $2,500 of your student loan payments reimbursed per year.

The State of Maine recognizes the investment you've made in your education. Come here to live and work, and the State will reimburse your student loan payments via the Student Loan Repayment Program. This tax credit is administred by the Maine Revenue Service.

You may qualify if:

  • You obtained an associate, bachelor's, or graduate degree after 2007
  • You graduated from an accredited school
  • You were a Maine resident during the tax year; and
  • Had a certain amount of earned income during the tax year ($11,934 for 2022).

Eligible loan payments:

  • Loans are explicitly for higher education (no family loans, home equity loans, etc).
  • Loans were paid by you, directly to the lender.
  • Eligible for reimbursement during the months you lived in Maine and paid your student loans.
  • If your loan payments were deferred, you may only claim this tax credit during the months you made payments.

Participation in the program is simple. To take advantage of the Student Loan Repayment Program just complete & submit the Educational Opportunity Tax Credit Worksheet when you file your Maine income tax return.

If you have questions, please contact Maine Revenue Services (they administer the tax credit): (207) 626-8475 or income.tax@maine.gov.