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.
Not everyone is happy with the revised budget proposed by California Governor Jerry Brown. But he does have the approval of the Community College system. Brown attended the Community College Board of Governors meeting today.
Mira Loma High School took home the top prize at the Department of Energy's National Science Bowl Monday morning in Washington DC.
(AP) - In ongoing efforts to diversify Silicon Valley's tech sector, Google is embedding engineers at a handful of Historically Black Colleges and Universities where they teach, mentor and advise on curriculum.
(AP) - A Senate budget committee has passed a bill backed by Gov. Brian Sandoval that would implement a broad anti-bullying program throughout Nevada's school system.
Three days after Heald College closed, thousands of students went back to campus today. They were there to pick up transcripts and to gather information to help them decide what to do next.