Nation-leading program created by the Governor provides people who live and work in Maine a refundable tax credit for student loan payments of up to $2,500 annually
Governor Janet Mills announced today that her student loan relief program–one of the most generous in the nation–has provided more than $140 million in debt relief to Maine people with student loans since its creation three years ago.
In 2022, Governor Mills proposed — and the Legislature approved — a major overhaul of Maine’s student loan tax credit to make it more generous and easier to use and to help retain and attract young workers to Maine and encourage those here already to stay. Eligible Maine residents can be reimbursed through their state tax return for up to…