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.
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.
Leaky roofs, broken-down air conditioning, and faulty fire alarms are some of the problems that the Manteca Unified School District hopes to fix with a $159-million bond measure.
Legislative Republicans are calling on Democrats to reverse a law included in this year’s California budget package that restricts the ability of school districts to build large reserves.