dChan
Anonymous ID: a7a4c0 Oct. 29, 2018, 10:35 a.m. No.3652489   🗄️.is 🔗kun

Getting stupid now with the distractions:

 

Maine will help you pay off your student loans if you move there

 

https://www.cnn.com/2018/10/25/health/maine-student-loan-relief-trnd/index.html

 

worth the cost? 01:14

 

(CNN)Maine draws about 36 million tourists each year with four seasons' worth of enticements, from white sandy beaches to world-class skiing.

But the northeasternmost US state can't seem to get enough young people to move there.

So, officials have hit upon the ultimate incentive: Move to Maine, and they'll help you pay off your student loans.

How the program works

 

The program started in 2008 as a retention tool for young professionals already living in Maine. The Educational Opportunity Tax Credit program targeted Maine college grads and allowed them to use their loan payments as tax credits.

"Over time, the employer community spoke out loud and clear that even if 100% of college graduates in Maine chose to stay here and work, that still (wouldn't) fulfill our workforce need," Nate Wildes, engagement director for the private-sector initiative Live + Work in Maine, told CNN.

So, the program grew into an attractive pitch for out-of-state employees.

When you move to Maine, the money you spend toward paying your student loan debt each year is subtracted from your state income taxes.

For instance, if you pay $1,800 toward your loan and owe the state $2,000 in taxes, you'll only end up paying Maine $200.

"We need to import people," Wildes said. "We need to attract people from other states for our workforce."