AB 340 – Expands The Expenses Covered By The Golden State Scholarshare College Savings Trust To Include Registered Apprenticeship Program

Under existing law, the Golden State Scholarship Trust Act establishes the Golden State Scholarshare College Savings Trust, to provide financial aid for postsecondary education costs of participating students. Existing law defines “qualified higher education expenses” as the expenses to attend an institution of higher education. This bill amends the definition to include expenses associated with participation in a registered apprenticeship program and payments on the principal or interest of a qualified education loan.

(AB 340 amends Section 69980 of the Education Code, and amends Sections 17140 and 17140.3 of the Revenue and Taxation Code and adds Section 17201.7 to the Revenue and Taxation Code.)