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Grants for Low-Income Students Extended

California extends tax credit that supports Cal Grants for college students.

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Grants for Low-Income Students Extended

Noah Thatcher

Noah Thatcher

Noah Thatcher

Ricky Rodas, Investigative Reporter

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On Oct. 6, Governor Jerry Brown approved the passing of Assembly Bill 490 (AB 490). The bill was authored by Assemblywoman Sharon Quirk-Silva, and will prolong the College Access Tax Credit Program for five years. It will also provide assistance to support Cal Grant B Access Awards.

Cal Grant B provides need-based grant funds to students from low-income, disadvantaged families to help with tuition fee and other costs. Cal Grant B recipients must have a minimum 2.0 cumulative GPA to be considered for the grant.

Quirk-Silva represents District 65, serving the communities of Buena Park, Cypress Park, Fullerton, Garden Grove, La Palma Stanton and West Anaheim. On her official webpage, Quirk-Silva highlighted the importance of the credit program.

“The College Tax Credit is an innovative program that will help students while allowing individuals and businesses to get the maximum benefit from that investment.”

According to her webpage, “More than $15 million in tax credits have been awarded since the credit began and has helped over 200,000 students achieve their higher education goals through increased Cal Grant awards.”

According to

treasure.ca.gov, the program provides a tax credit to taxpayers and businesses that contribute to Cal Grants, and the credit can be utilized to offset or reduce taxes.

Students like chemistry major Arash Shalviri view the program’s extension as positive, despite not being eligible for Cal grants:

“I think that’s actually necessary. Based on what I heard, a lot of people are using the Cal Grant, and with this it’s actually helping the students.  Some people deserve to be in college right now but they can’t because of financial reasons, and this tax incentive is actually a gift to those eligible students.”

For more information on AB 490 and other California bills, go to legislature.ca.gov.

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