IL HB4658

Requires all Illinois high school students entering 9th grade in the 2027-2028 school year to complete a stand-alone, one-semester personal finance course in grades 11 or 12 as a prerequisite for graduation.

Personal finance course must cover behavioral economics, banking, investing, credit management, paying for college, insurance, taxes, budgeting, retirement planning, home ownership, and personal transportation.

State Board of Education shall devise or approve personal finance education standards and develop implementation guidelines; school boards must oversee course implementation for each high school student prior to graduation.

Establishes Financial Literacy Implementation Committee by June 30, 2024 with representatives from the State Superintendent's office, State Treasurer, organized labor, school districts, and other stakeholders to make recommendations on course implementation; Committee dissolves July 1, 2027.

Creates Financial Literacy Fund to award grants to school districts for teacher training, financial literacy competitions, student rewards, and related educational activities, with efforts to ensure statewide geographic representation.