House Bill 3435 Summary

• Requires institutions within The Oklahoma State System of Higher Education to provide financial literacy programs to students beginning in the 2015-2016 academic year.

• Programs must be available to all students, offered at different times during the academic year, with each program lasting at least one hour, at no charge (no tuition or fees).

• Program content must focus on managing student educational debt, credit card debt, loans, borrowing money, and earning income after graduation.

• Directs the Oklahoma State Regents for Higher Education to work with the Oklahoma State Banking Department to prepare informational materials and distribute them to each institution.

• Requires each institution's governing body or board of regents to adopt policies for implementing the financial literacy program requirements.