Grade A for the Class of 2024. The Financial Literacy Act went into effect on August 28, 2021. Beginning with the high school graduating Class of 2024, this new law requires each student to complete at least one 5-credit course (equal to a half-year course) in personal finance or financial literacy. This act defines financial literacy as including but not limited to "knowledge and skills regarding budget and financial record keeping; banking; taxes; establishing, building, maintaining, and monitoring credit; debt; savings; risk management; insurance; and investment strategies." Beginning in 2024 and thereafter "each school district shall provide an annual financial literacy status report to its school board, including, but not limited to, student progress in financial literacy courses and other district determined measures of financial literacy progress from the previous school year."
2024