NJ S3462

New Jersey high school students must complete a one semester or one trimester course exclusively in financial literacy as a graduation requirement for a State-endorsed diploma

Financial literacy instruction must also be incorporated into the curriculum for students in grades six through eight

Required course topics include budgeting, savings, credit, debt, insurance, investment, behavioral economics, banking, consumer skills, taxes, college financial planning, and accounting

Courses addressing economic, business, or entrepreneurial literacy cannot substitute for the financial literacy requirement, and instruction must be taught by a teacher with an appropriate endorsement

The graduation requirement takes effect for students entering 12th grade in the second full school year following enactment