The credits would be available to individuals earning less than $100 thousand per year and couples earning less than $200 thousand.
Assembly member Susan Bonilla authored the bill. She says students from all backgrounds should be able to afford a college education.
“This is a bill that, particularly for younger families, says we’re aware of the importance of college," says Bonilla. "But we’re also aware of the burden it’s going to cause and as a state we want to get behind you as you save.”
Bonilla says saving makes a difference because children with a college savings account attend college at a rate seven times higher than those without.
Bonilla says total student loan debt in California amounts to nearly $100 billion. Backers of the bill say that’s money that could be better spent boosting the state’s economy.
The bill will be heard in a policy committee in the coming weeks.
A new partnership between Sacramento State University and Sierra College is part of a long-term plan for a new campus in Roseville.
A new bill in the legislature proposes the first steps to locating a California State University campus in the City of Stockton.
The plan to raise tuition at the University of California is expected to be approved Thursday.
Over the objections of Gov. Jerry Brown, a UC Board of Regents committee has approved President Janet Napolitano’s proposal to raise tuition 5 percent in each of the next five school years – unless the state increases UC funding.
Using art to teach a student math may sound odd, but a group of educators says it can and should be done. And they’re using a change in how California students are taught as a chance to spread their message.