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Treasurer Fiona Ma calls massive expansion of College Savings Accounts a "game-changer"

State Treasurer Fiona Ma called Assembly Bill 132, signed by Governor Gavin Newsom, a “visionary plan and game-changer.” The bill implements the 2021-22 State Budget plan, which allocates $1.9 billion to fund college savings accounts of $500 each for 3.7 million low-income California public school students from first to 12th grade, starting in 2022. Students who are in foster care or are homeless will get an additional $500.
“This inspiring and ambitious program takes aim at a persistent and pernicious social inequity – unequal access to higher education,” said Treasurer Ma. “Providing college savings accounts to all low-income students sends a message that college is a possibility, and that if students pursue their higher education dreams, they will have help from California. In addition, increasing the number of residents who have a degree or some form of higher education will help California’s economy continue to prosper and thrive.” ....

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Our Historic & Transformative State Budget - San Francisco Bay Times

Our Historic & Transformative State Budget
By Assemblymember Phil Ting–
Thanks to record-breaking revenues and federal stimulus funds, we can build our state back boldly. As Assembly Budget Chair, I had the opportunity to be a part of putting together a once-in-a-generation fiscal plan the most transformative in modern history. Highlights include:
Economic Relief
Golden State Stimulus 2 – Residents with incomes between $30,000 and $75,000 will receive a $600 stimulus check, and families with kids, including ITIN filers, will get an additional $500.
Renter Assistance – To help low-income renters and small landlords, the budget includes funds to cover up to 100% of unpaid rent and extends the eviction moratorium to September 30. ....

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California Governor Signs Bill on College Access

California Governor Signs Bill on College Access
insidehighered.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insidehighered.com Daily Mail and Mail on Sunday newspapers.

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Governor signs legislation designed to make college more affordable, accessible

Governor signs legislation designed to make college more affordable, accessible
pasoroblesdailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pasoroblesdailynews.com Daily Mail and Mail on Sunday newspapers.

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California Lawmakers Tout Big College Spending, But Key Items Get Zero Dollars This Year

California Lawmakers Tout Big College Spending, But Key Items Get Zero Dollars This Year
Wednesday, June 30, 2021
| Sacramento, CA
Students walks through the Meriam Library courtyard at Chico State University on February 12, 2020.
Photo by Anne Wernikoff, CalMatters
Lawmakers are boasting about a massive infusion of funding in the new budget to help more Californians afford college and expand enrollment at public universities, including the most competitive. But all of those are unfunded promises.
None of that money will be available unless lawmakers and the governor agree next year to fund them.
The $515 million to create a debt-free grant for lower- and middle-income University of California and California State University students? The budget deal for the 2021-22 fiscal year dedicates not one dollar to it but will next year, “subject to an available and sufficient appropriation.” ....

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