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.
Fees, Measure Q school bond funds and a donation from the McKinley Village developer are paying for a $5 million expansion of the Theodore Judah campus in East Sacramento.
(AP) — How do you teach the history of the world in California schools, where nearly two-thirds of students are Latino or Asian, many from newly immigrated families?
Sacramento State has bought a building in downtown Sacramento to use for the planned School of Public Affairs. And, it has 75 parking spaces.
A new report finds that as many as one million students in California have attended schools with water systems that didn’t meet safe drinking water standards.
State Schools Chief Tom Torlakson is scheduled to visit John F. Kennedy High School in Sacramento today to see one of Kennedy's after school programs - a robotics lab. Torlakson is urging state lawmakers to approve more funding for similar programs.