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.
Number Of 'Significantly Disengaged' Kids At Sacramento Public Schools Has Skyrocketed During The PandemicFebruary 15, 2021
Before the pandemic closed schools, only a few dozen kids at Sacramento City Unified schools missed three days a week of school or more. Now, that number is almost a thousand.
Schools would only qualify in counties with lower infection rates. Kindergarten through sixth grade is prioritized in the governor’s $2-billion plan, which would need the Legislature’s approval.
The Folsom Cordova Unified School Board voted for its students to return to classrooms part time. It comes in anticipation of schools in the county getting the greenlight to reopen after moving into the red tier of California’s reopening guidelines.
Without clear guidance from the state, coronavirus testing remains a contentious and costly issue as more school districts inch toward reopening.
A closely watched report commissioned by Gov. Gavin Newsom calls for more local discretion and tighter regulation of charter schools.
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