Wednesday, July 3, 2013
California governor announces "historic" education funding bills for K-12 and "Middle Class Scholarships"
In the week when some student loan interest rates doubled, Gov. Brown also signed bill AB94, which is being called the "Middle Class Scholarship." In 2014, California will reduce student tuition up to "40 percent for families making less than $100,000 and up to 10 percent for families earning $150,000." Officials says that the scholarship would lower college fees from $12,192 to $7,315 at the University of California. Read more here.