Bill
Bill > A1517
NJ A1517
NJ A1517Requires public high school students to receive financial literacy instruction on higher education costs, student financial assistance, and cryptocurrencies.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
Current high school graduation requirements (N.J.A.C.6A:8-5.1) include a requirement that a student complete at least 2.5 credits in financial, economic, business, and entrepreneurial literacy. This bill requires every board of education to include, in the curriculum of secondary students on financial, economic, business, and entrepreneurial literacy, instruction on:· the application process for financial aid for higher education;· the costs of higher education and the different types of loans, grants, and other student assistance that may be available to pay those costs;· a student's rights and responsibilities regarding student loans, including payment options and resources to aid in decision making; and· cryptocurrencies, assessment of investment risk, and awareness of "get rich quick" scams.
AI Summary
This bill requires public high school students to receive financial literacy instruction on the application process for financial aid for higher education, the costs of higher education and the different types of loans, grants, and other student assistance available to pay those costs, a student's rights and responsibilities regarding student loans, including payment options and resources to aid in decision making, and cryptocurrencies, assessment of investment risk, and awareness of "get rich quick" scams. The bill also states that it shall take effect immediately and first apply to the first full school year following the date of enactment.
Committee Categories
Education
Sponsors (2)
Last Action
Introduced, Referred to Assembly Education Committee (on 01/09/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/A1517 |
| BillText | https://pub.njleg.gov/Bills/2024/A2000/1517_I1.HTM |
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