Aging Maine repays college debts to attract younger workers

The video discusses Maine's scenic coastline and its aging population, which poses challenges for local businesses. To address this, Maine offers a tax credit to recent graduates who work in the state, helping them pay off student loans. This initiative aims to attract young professionals back to Maine, boosting the workforce and economy. Personal stories highlight the impact of this financial relief, while experts emphasize the importance of higher education for economic competitiveness.

What is one of the main reasons Maine is offering a student loan payback program?

• To attract more tourists to the state

• To address the aging workforce and retain young graduates

• To increase the number of lighthouses

• To promote seafood cuisine

How does student debt impact young adults' ability to achieve the American Dream?

• It reduces the need for higher education

• It makes it easier to buy a house

• It provides more job opportunities

• It acts as a barrier to financial independence

What is the maximum tax credit available for graduates with a STEM degree in Maine?

• $4,500

• $5,000

• $3,000

• $6,000

How did the tax credit impact Erica Skiff's financial situation?

• It allowed her to buy a new car

• It provided more financial flexibility during maternity leave

• It helped her start a new business

• It enabled her to move to a different state

What is the primary goal of Maine's tax credit initiative?

• To upskill the workforce and retain educated individuals

• To encourage graduates to invest in local businesses

• To promote tourism in the state

• To reduce the cost of living in Maine

How does the tax credit benefit business owners like Matthew Glass?

• It provides free advertising

• It reduces their property taxes

• It helps them invest more in their businesses

• It allows them to hire more employees

What is a key factor that makes higher education important for Maine's workforce?

• It is a tradition in Maine

• It guarantees a high salary

• It helps meet the sophisticated demands of the market

• It is required for all jobs in Maine