Grade A for the Class of 2027 (final grade dependent on how the BOE implements the new legal requirements). In 2022, HB 1263 was passed into law. The new law requires local school boards to ensure that personal financial literacy instruction is taught as part of the curriculum. The law allows personal financial literacy instruction to be embedded in an existing course or grade level program of studies. This new law applied to academic year 2022–2023. In 2022, HB 1671 was also passed into law. This new law takes effect in academic year 2023–2024. The new law requires schools to specify criteria and a substantive educational program that delivers the opportunity for an adequate education in personal financial literacy for students. Each school must define and identify approved personal financial education standards. These standards are required and cover K through 12th grade and clearly set forth the financial literacy skills to be obtain in each relevant grade, including whether there is a credit/course in personal financial literacy that is required in order to obtain a high school diploma. HB 1671 requires each school to demonstrate that it provides the opportunity for an adequate education for the school-approved personal financial literacy standards set forth in rules to be adopted by the BOE and also requires schools to periodically submit a narrative explanation detailing how the school has complied with the personal financial literacy standards adopted by the school. It is unclear if a stand-alone personal financial literacy class (a half-credit) will be required as a high school graduation requirement when HB 1671 is fully implemented by the BOE. New education regulations are needed to implement these new laws. Once finalized it will be possible to determine whether New Hampshire's future grade will be a Grade A or B. In September 2022, the Department of Education (DOE) issued a technical advisory on the implementation of these two new laws that noted that the DOE "will be undertaking rulemaking to amend Ed 306—Minimum Standards—to reflect all the changes that HB 1671 implements. That rulemaking process will provide more detail on what personal finance literacy should encompass as a course of instruction." In addition, the rules regarding teacher licensing as it relates to who may teach financial literacy may be updated as a result of these new laws.
2027