The policy changes included in HB164, described below, would not change Alabama's grade, but they are an improvement to the current public policy with regard to high school financial literacy education. In May 2023, the governor signed into law HB164. This bill requires that high school students, beginning in the Class of 2028, complete a stand-alone personal financial literacy and money management course before graduation. The bill also requires that students take a financial literacy examination, created by the DOE, and that a summary of the examination results is reported by each local school district to the DOE. Finally, the law requires the DOE to identify approved financial literacy courses that may fulfill 1 unit of academic credit for any mathematics course for high school graduation.
2028