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.
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.
Ralph Hexter addressed the media for the first time Thursday as Interim Chancellor at UC Davis.
(AP) — State officials want a Las Vegas judge to speed up his decision on Nevada's sweeping new school choice program.
Four hundred people have already signed up to attend the event being held this afternoon and evening.
(AP) — State officials have hired an organization that will help recruit high-quality charter school operators to expand into Nevada's neediest neighborhoods.