Section 99101 - Legislative findings The Legislature finds and declares all of the following:
(a) Children who have even small savings accounts for college are three times more likely to attend, and four times more likely to graduate from, college.(b) College enrollment among low-income students has risen but significantly lags behind the enrollment of middle- and high-income students. In 2012, about 51 percent of recent low-income high school graduates and equivalency holders were enrolled in college, while enrollment among middle- and high-income students had risen to nearly 65 percent and 81 percent, respectively.(c) Recent pilot programs in California and throughout the nation have proven that low-income people can save if they have incentives and mechanisms encouraging them to do so.Amended by Stats 2018 ch 7 (AB 108),s 26, eff. 3/13/2018.Added by Stats 2017 ch 23 (SB 85),s 23, eff. 6/27/2017.