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.
Robert S. Nelsen, Sacramento State's new president, started his first day on the job Wednesday.
Washington Elementary, one of seven schools in the city of Sacramento that closed two years ago because of budget cuts, will reopen next year.
Sports teams using the nickname “Redskins” are coming under increased pressure nationally to abandon the name. A bill at the state Capitol would make California the first state to ban public schools from using “Redskins” as their nickname or mascot.
School's out for summer...prompting school officials in Sacramento to ask people to keep an eye out for any suspicious activity on campuses.
California high schools are now formally recognizing bilingual students by awarding biliteracy medals and seals to graduating seniors in an effort to recognize students' dual language abilities.