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.
A new study says students at California’s Community Colleges are achieving many of their academic goals. But Community College officials say they’ll be recovering from the drastic cuts during the Great Recession for years to come.
Undocumented California State University and University of California students, who can’t get federal or private loans, would be eligible for a state loan program to be established under a new bill in the legislature.
Advocates say more work needs to be done to ensure that kids are not suspended or expelled from school because of minor infractions.
A bill that would more than double the number of competitive Cal Grant awards each year has passed a California Assembly Committee.
Math can be a tough subject in school, but some Stockton students are finding that video games can help them learn.