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.
An alternative learning program based in craftwork just graduated its first class. The school is one of the few services available to adults with intellectual disabilities who are out of high school, but not ready for college or work.
After charter school supporters poured money into the California governor's race to support a longtime ally who failed to advance, the school choice movement may face uncertainty in a state with some of the most robust charter school laws in the U.S.
Attending a university in California can be a financial burden beyond the means of many college hopefuls. Rising tuition is compounded by the lack of affordable housing in the state and the high cost of living.
Several state lawmakers on Tuesday unveiled a plan to curb the University of California's power by limiting salaries and putting checks on the UC president's authority.
Thousands of custodians, security guards, gardeners and other service workers at University of California campuses started a three-day strike Monday to address pay inequalities and demand higher wages.