Anaheim : College Savings Bill Being Pushed Again
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State Sen. John Seymour (R-Anaheim) is again seeking legislative passage of a bill to help parents save for their children’s college tuition.
Seymour said his new bill is similar to one passed by the 1988 Legislature but vetoed by Gov. George Deukmejian.
Seymour said he believes that the new bill has enough differences, however, to “avoid another veto by the governor.” The current bill, which on Wednesday was approved by the Senate Education Committee, calls for creating a California Tuition Finance Authority. The authority would be required to devise the best mechanism for helping parents save for children’s tuition, Seymour said. He said the options could include a savings arrangement or prepayment of tuition, with guarantees of no increases.
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