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.
There are likely tens-of-thousands of former California State University students who dropped out of college even though when they were within sight of getting their degree. I was one of them.
The Sacramento City Unified School District says its budget deficit is actually $28.5 million, which is $4.5 million more than previously estimated.
The two finalists for California’s state schools chief faced off in a debate Tuesday night in a race that pits teachers unions against charter school advocates.
Sacramento City Unified School District has been warned for months to balance its budget and is now being ordered. Which programs or positions will be cut has not been determined.
Sacramento, School District Hold Special Meeting To Discuss Increasing Number Of Kids Who Go To CollegeMonday, August 27, 2018
The city says its youth unemployment rate is among the worst in the country and will only get worse if this generation of kids doesn't pursue education after high school.