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16

Fund Your Future

CSAC.CA.GOV

“As a sociology major attending UCLA I have dedicated my two

years here fighting for the affordability and the accessibility

of higher education…I firmly believe that as long as a college

education remains out of reach for all Americans our nation

will suffer politically, socially, and economically…There is

such an obvious correlation between tuition increases and the

accumulation of student loan debt…I believe the Middle Class

Scholarship is a half-way point for our university system (a

system which according to the (state) master plan which should

be free) and I look forward to its full implementation.”

CALIFORNIA’S NEW COLLEGE ACCESS

TAX CREDIT FUND

California’s New College Access Tax Credit Fund is intended

to increase the Cal Grant B Access Award amount for

California’s lowest-income students to improve higher

education graduation rates. Today, there are currently

$1,488,017,354 available in 2016 College Access Tax

Credits to benefit individual and corporate taxpayers; and,

simultaneously award grants to our state’s lowest income

college students. College Access Tax Credits 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 higher education.

The College Access Tax Credit Fund will provide both

individual and corporate taxpayers with a tax credit worth

50% in the 2017 taxable year. The College Access Tax Credit

Fund program sunsets on January 1, 2018. To learn more,

visit

www.treasurer.ca.gov/cefa/catc/index.asp or

visit the

California Mobile Gallery at

www.mobilegallery.ca.gov .

— Clinton O’Grady, UCLA