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.
California schools can now apply to receive millions of dollars of computer supplies—part of a decade-old payout from a class-action settlement against Microsoft.
The head of the National Society of Black Engineers, Karl Reid, was in Sacramento Tuesday to take part in a forum at Washington Elementary School to get more low-income children of color on the right pathway to careers in science and engineering.
A new program aims to ensure that every first grader attending an economically disadvantaged school in Sacramento county has books at home.
More than 200 middle and high school students from San Joaquin County got the chance to see what a career in science, technology, engineering, or math might be like.
Sacramento Regional Transit has identified a way to find entry-level mechanics to replace the dozen or so mechanics who retire or leave the agency every year.