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.
(AP) - Republican lawmakers are asking Gov. Jerry Brown not to appeal a Los Angeles judge's decision striking down tenure and other job protections for California teachers.
(AP) -- Just days after a judge handed down a ruling that could change teacher tenure laws in the state, a bill creating an expedited firing process for abusive educators heads to the governor's office.
California colleges and universities could get an additional $100 million if tax revenue exceeds expectations this fiscal year.
A judge has struck down the state’s teacher tenure laws in a landmark ruling that could lead to big changes at California schools.
A Superior Court judge ruled Tuesday that California's protection for teacher tenure laws are unconstitutional.