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.
The Sacramento City Teachers Association called off a strike planned to start Wednesday after reaching an agreement with the Sacramento City Unified School District on a new contract.
Sacramento State is among three CSU campuses getting a combined total of more than $8 million in federal grants to enhance teacher diversity. The goal is to recruit teachers in Latino, African American and other minority communities.
More California high school students are taking college-level Advanced Placement tests. AP exams are taken each May by high school students who've attended classes that are roughly equivalent to undergraduate college courses.
The California Community College System hopes changing the name of a free tuition program will get more eligible students to take advantage of it.
The Sacramento area unemployment rate increased last month. July's jobless rate was 5.2 percent, up from 4.8 percent in June. Analysts with the state Employment Development Department attribute the increase to seasonal cutbacks at schools.