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.
Several state lawmakers on Tuesday unveiled a plan to curb the University of California's power by limiting salaries and putting checks on the UC president's authority.
Thousands of custodians, security guards, gardeners and other service workers at University of California campuses started a three-day strike Monday to address pay inequalities and demand higher wages.
The California State University will not raise tuition at its 23 campuses for the 2018-19 academic year as officials had proposed.
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.