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.
Don't like your driver's license photo? You may soon have a say on what ends up on your ID. Drivers would be able to choose their picture under a bill introduced in the California Senate. Fees on the extra pics would pay for driver's ed classes.
A student training program at UC Davis offers low-cost surgery for pets who live in shelters or whose owners can’t afford it.
One of England's top universities has decided to withdraw its plans for a campus in Placer County, near Roseville. University of Warwick made the announcement Thursday.
Starting January, a new law will require schools serving low-income teens and pre-teens to provide feminine hygiene products free of cost.
The Sacramento City Teachers Association called off a strike planned to start Wednesday after reaching an agreement with the Sacramento City Unified School District on a new contract.