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.
A few school police departments in California have acquired military armored vehicles, rifles and grenade launchers. That's spawned a new bill in the state Legislature. The bill faces its first committee vote Wednesday.
California schools can start administering the state’s new standardized tests to students. The new math and English language tests use computers and open-ended critical thinking questions – rather than the old “Scantron” bubble multiple-choice tests.
Thousands of juvenile salmon are now swimming down the Sacramento River. They're twice as big as other salmon hatched at the same time after spending the last month hanging out in a Yolo County rice field.
A shortage of teachers in Washoe County has forced the school district to fill vacant positions with more substitute teachers. That is reducing the pool of available substitutes for short-term assignments.
University of California students are getting at least a temporary reprieve from tuition increases scheduled to take effect in the coming academic year.