NY A01337

Requires all students in grades 9-12 to be offered a half-credit course in financial education through a comprehensive financial literacy program

Directs the Commissioner of Education, in consultation with the Department of Financial Services, to develop the financial literacy curriculum

Curriculum must cover opening and maintaining bank accounts, types of financial products including insurance, and understanding various loans (auto, student, personal)

Required topics include money management principles (spending, credit, credit scores, debt), taxes, interest rate calculations, simple contracts, billing statements, and savings/investments

Takes effect 120 days after becoming law, with immediate authorization to develop necessary rules and regulations for implementation