Bill > S05827

This bill amends the New York Education Law to require senior high schools to provide a course in financial literacy, which must be completed by students as a condition of graduation. The course will cover topics such as personal budgeting, taxes, savings, debt management, credit, and the benefits and drawbacks of leasing versus purchasing vehicles and homes. The bill specifies that the course will be taught on a pass/fail basis and not affect the student's grade point average. It also allows for exceptions for students with disabilities whose individual education plans do not include the financial literacy course as a graduation requirement.