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 Sacramento area unemployment rate increased last month. July's jobless rate was 5.2 percent, up from 4.8 percent in June. Analysts with the state Employment Development Department attribute the increase to seasonal cutbacks at schools.
Some Folsom High School students are planning to launch a high-altitude, helium-filled balloon into the path of the solar eclipse next Monday. The balloon will have four cameras on it.
A new state law that kicked in last summer requires shots for public school children. Some families are still adjusting to the law.
UPDATE, July 12, 4:27 p.m.: A bill that would have allowed California school districts to add another year of probation to teachers before extending tenure will not become law this year.
The California Community College system is out with an online video targeting Dream Act students. Those are students who have been in California for at least three years and graduated from a California High School.