If You Have College Debt You’ll Want To Move To Maine – Here’s Why
There’s good news and there’s bad news. The bad news? Higher education costs more than ever before. The average tuition for a private nonprofit four-year university has increased almost 130% since 1988, making it unaffordable to many and leaving young people with a lifetime of debt. But there’s good news! Maine recently launched a program making it easier to pay off those college loans…if you make the move to Vacationland! Here’s what you need to know:
We’re aware that these uncertain times are limiting many aspects of life as we all practice social and physical distancing. While we’re continuing to feature destinations that make our state wonderful, we don’t expect or encourage you to go check them out immediately. We believe that supporting local attractions is important now more than ever and we hope our articles inspire your future adventures! And on that note, please nominate your favorite local business that could use some love right now: https://www.onlyinyourstate.com/nominate/
Of course, there are more details and intricacies to keep in mind here. The year in which you graduated can impact the exact scenario you find yourself in so you’ll want to be sure to read the details. They’re fairly easy to understand on the Live + Work In Maine website. To take advantage of the program you’ll need to complete and submit the Educational Opportunity Tax Credit Worksheet when you file your Maine income tax return. You can find all the relevant details here.
Michelle has lived in many places, but counts Maine as one of the best. In addition to the smell of ocean water in the air on rainy days in Portland, she loves puppies, photography, funny people, the Maine Red Claws, traveling, fresh tomatoes, Cambodia and filling out forms. For questions, comments and inquiries please email: [email protected]
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