Opportunity Maine

The Opportunity Maine Program provides a state income tax credit to defray annual student loan payments to graduates of Maine colleges who pay income taxes in Maine. The tax credit applies to all Bowdoin graduates who took undergraduate student loans after January 1, 2008. The maximum annual credit is capped based on: the taxpayer’s state tax liability, the annual amount of student loan repayment made in the tax year, or $8,833 (figure adjusted annually based on University of Maine System figures), whichever is lowest.

Please review the resources and FAQs below for more information.