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.
Legislative Republicans are calling on Democrats to reverse a law included in this year’s California budget package that restricts the ability of school districts to build large reserves.
California students are beginning to go back to school, and California lawmakers want to make sure they keep going back.
A veterans’ education bill pending in the California legislature just got a major push from President Barack Obama.
(AP) - Republican lawmakers are asking Gov. Jerry Brown not to appeal a Los Angeles judge's decision striking down tenure and other job protections for California teachers.
(AP) -- Just days after a judge handed down a ruling that could change teacher tenure laws in the state, a bill creating an expedited firing process for abusive educators heads to the governor's office.