SB 702 Summary

• Requires the Department of Education to develop and implement a statewide financial literacy curriculum for kindergarten through twelfth grade beginning with the 2024-2025 school year.

• Mandates financial literacy instruction in grades K-8 covering topics including credit costs, credit card management, borrowing for major purchases, mortgages, and credit scoring.

• Requires all students in grades 9-12 to complete a one-half credit course in financial literacy with a passing grade as a graduation requirement, aligned with national economic and financial literacy standards.

• Mandates the Board of Education to provide professional development for teachers before they teach financial literacy courses and to maintain an approved list of courses and providers.