Got Tuition talked yesterday with TurnMaineBlue blogger Edward Lachewicz, who described a great and innovative program that helps Maine's college graduates make use of their college debt. It's called Opportunity Maine, and it allows college grads to write off the entire amount of their loan debt as a dollar-for-dollar tax deduction each year. It's one way that states (and maybe the federal government, one day) can encourage our young people to attend college without leaving them in debt and postponing other major life decisions.
The program is only two years old -- it started out as a ballot initiative but the legislature enacted it on its own without waiting for the outcome -- and it appears to be the first of its kind in the nation.
Watch Eddie talk about it:
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