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NM SB170

NM SB170
Financial Literacy School Credit


summary

Introduced
01/31/2021
In Committee
Crossed Over
Passed
Dead
03/20/2021

Introduced Session

2021 Regular Session

Bill Summary

AN ACT RELATING TO PUBLIC EDUCATION; AMENDING GRADUATION REQUIREMENTS; REQUIRING ONE-HALF UNIT OF FINANCIAL LITERACY PRIOR TO GRADUATION.

AI Summary

This bill amends the graduation requirements for New Mexico high school students. Starting in the 2022-2023 school year, it requires students to complete a half-unit course in financial literacy as part of the four-and-a-half units of mathematics required for graduation. The financial literacy course must cover topics like budgeting, banking, credit, interest, and the costs of borrowing. The bill also adjusts the total number of elective units required for graduation from seven-and-a-half to seven. This change in graduation requirements is intended to provide students with a stronger foundation in personal finance and money management skills before they complete high school.

Committee Categories

Education

Sponsors (1)

Last Action

Senate Education Committee (09:00 2/8/2021 Room *) (on 02/08/2021)

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