Our higher education system is vital to California’s economic productivity and innovation – it produces a four-fold return on investment. Although, the rapidly increasing cost of a college degree threatens that impact for our economy.

The state’s new College Access Tax Credit is an unprecedented step to ensure California’s continued success.

This new tax credit invests directly in California’s students while allowing contributors to receive a high return on their state and federal taxes. Upon contributing, participants qualify for both a 55 percent state tax credit and a significant deduction on their federal tax return.

The College Access Tax Credit will go directly to increase the Cal Grant B Access Awards for nearly 197,000 low-income California college students and help pay for books, housing, transportation, childcare and additional costs associated with attending college.