{"id":422,"date":"2011-06-08T16:25:19","date_gmt":"2011-06-08T16:25:19","guid":{"rendered":"https:\/\/www.bates.edu\/financial-services\/maine-educational-opportunity-tax-credit\/"},"modified":"2025-08-20T11:18:16","modified_gmt":"2025-08-20T15:18:16","slug":"maine-educational-opportunity-tax-credit","status":"publish","type":"page","link":"https:\/\/www.bates.edu\/financial-services\/types-of-aid\/education-loans\/maine-educational-opportunity-tax-credit\/","title":{"rendered":"Maine Tax Credits for Student Loan Repayment"},"content":{"rendered":"<h5><strong>Maine<\/strong> <strong>Student Loan Repayment Tax Credit for tax years beginning on or after January 1, 2022<\/strong><\/h5>\n<p>The Student Loan Repayment Tax Credit provides an income tax credit for Maine resident taxpayers who are making eligible education loan payments on loans obtained to earn an undergraduate degree (associate or bachelor\u2019s) or a graduate degree from an accredited college or university after 2007, and who, after graduation, have earned income and live and file taxes in Maine.\u00a0 Maine\u2019s Student Loan Repayment Tax Credit replaces the Educational Opportunity Tax Credit that was in effect for Maine state income tax years 2008-2021.\u00a0 To qualify an individual must have obtained a degree after 2007, be a Maine resident during the tax year and have a minimum earned income specified for the tax year.<\/p>\n<h5><strong>Maine Educational Opportunity Tax Credit for Maine State Income Tax Years 2008-2021<\/strong><\/h5>\n<p>The Maine Educational Opportunity Tax Credit provides a state income tax credit for student loan payments made by graduates of Maine colleges who live, work, and pay taxes in Maine. Eligibility qualifications and criteria for the Maine Educational Opportunity Tax Credit vary depending on year of graduation.<\/p>\n<p>Initially established by an act of the Maine State Legislature in 2007, the Opportunity Maine Program provides reimbursement of education-related loans through a tax credit available for qualified Maine taxpayers. The Maine Educational Opportunity Tax Credit applies only to loans associated with coursework completed after January 1, 2008. The tax credit is available for payments that graduates make on student loans, not payments made by parents on parent loans. To claim the tax credit, the taxpayer must be a Maine resident for the tax year.<\/p>\n<hr \/>\n<h5>Additional Resources<\/h5>\n<ul>\n<li><strong><a href=\"https:\/\/www.maine.gov\/revenue\/faq\/student-loan-repayment-tax-credit\" target=\"_blank\" rel=\"noopener\">Maine Revenue Services \u2013 Student Loan Repayment Tax Credit FAQ<\/a><\/strong><\/li>\n<li><a href=\"https:\/\/www.maine.gov\/revenue\/faq\/educational-opportunity-tax-credit\"><strong>Maine Revenue Services \u2013 Educational Opportunity Tax Credit FAQ<\/strong><\/a><\/li>\n<li><strong><a href=\"https:\/\/www.liveandworkinmaine.com\/opportunity-maine\/\">Live and Work in Maine \u2013 Student Loan Repayment Tax Credit Eligibility Information<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Maine Student Loan Repayment Tax Credit for tax years beginning on or&hellip;<\/p>\n","protected":false},"author":5,"featured_media":0,"parent":420,"menu_order":5,"comment_status":"closed","ping_status":"open","template":"","meta":{"_hide_ai_chatbot":false,"_ai_chatbot_style":"","associated_faculty":[],"_Page_Specific_Css":"","_bates_restrict_mod":false,"_table_of_contents_display":false,"_table_of_contents_location":"","_table_of_contents_disableSticky":false,"_is_featured":false,"footnotes":"","_bates_seo_meta_description":"","_bates_seo_block_robots":false,"_bates_seo_sharing_image_id":0,"_bates_seo_sharing_image_twitter_id":0,"_bates_seo_share_title":"","_bates_seo_canonical_overwrite":"","_bates_seo_twitter_template":""},"class_list":["post-422","page","type-page","status-publish","hentry","with-sidebar"],"_links":{"self":[{"href":"https:\/\/www.bates.edu\/financial-services\/wp-json\/wp\/v2\/pages\/422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bates.edu\/financial-services\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.bates.edu\/financial-services\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.bates.edu\/financial-services\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bates.edu\/financial-services\/wp-json\/wp\/v2\/comments?post=422"}],"version-history":[{"count":15,"href":"https:\/\/www.bates.edu\/financial-services\/wp-json\/wp\/v2\/pages\/422\/revisions"}],"predecessor-version":[{"id":3708,"href":"https:\/\/www.bates.edu\/financial-services\/wp-json\/wp\/v2\/pages\/422\/revisions\/3708"}],"up":[{"embeddable":true,"href":"https:\/\/www.bates.edu\/financial-services\/wp-json\/wp\/v2\/pages\/420"}],"wp:attachment":[{"href":"https:\/\/www.bates.edu\/financial-services\/wp-json\/wp\/v2\/media?parent=422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}