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.
California lawmakers say the state is facing a truancy crisis among elementary school students. Now a package of legislation has been introduced that’s meant to combat the problem.
Higher education advocates are asking for a dedicated funding source for California’s Community Colleges. Busloads of students from around the state marched and rallied in Sacramento Monday and met with state lawmakers.
There have been several attempts over the years to reform California’s teacher dismissal process. All have been unsuccessful. But that’s not stopping one lawmaker from trying again.
New data show significant achievement gaps among students in Reno and administrators are trying to start a public conversation to solve the problem.
An independent audit recommends that California overhaul its school transportation funding system. The Legislative Analyst’s Office report says the school transportation funding rate is decades old.