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.
Related Stories
Charter School Task Force Echoes Calls For Tighter Charter School Regs, More Local Control
June 9, 2019A closely watched report commissioned by Gov. Gavin Newsom calls for more local discretion and tighter regulation of charter schools.
Can California Afford Gavin Newsom's Vision For School Kids? Here's Your K-12 Primer For 2019
December 17, 2018Top ranked per-pupil spending. Data tracking from toddlerhood to universities. State lawmakers have a long and expensive wish list as California rings in a new administration. Here’s your School Spending 101 primer for 2019.
Sacramento Lawmaker Introduces 'Pre-K For All' Bill Package
December 4, 2018Assemblymember Kevin McCarty introduced three pieces of legislation on Tuesday aiming to provide free preschool to 100,000 more children from low and middle-income households. Similar programs exist in other states — but could it work in California?
Never Finished That College Degree? New California State University Online Program Might Help.
October 25, 2018There are likely tens-of-thousands of former California State University students who dropped out of college even though when they were within sight of getting their degree. I was one of them.
Sacramento City Schools Budget Shows Even Bigger Deficit, Independent Review Finds
October 3, 2018The Sacramento City Unified School District says its budget deficit is actually $28.5 million, which is $4.5 million more than previously estimated.
CapRadio provides a trusted source of news because of you. As a nonprofit organization, donations from people like you sustain the journalism that allows us to discover stories that are important to our audience. If you believe in what we do and support our mission, please donate today.
Comments