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Bill > SB605


HI SB605

HI SB605
Relating To Education.


summary

Introduced
01/17/2025
In Committee
01/23/2025
Crossed Over
Passed
Dead

Introduced Session

2025 Regular Session

Bill Summary

Beginning with the 2026-2027 school year, requires the Department of Education to include the teaching of financial literacy in kindergarten through grade twelve. Requires students in grades nine through twelve to complete a one-half credit in financial literacy before graduation. Requires the Board of Education to provide professional development to teachers who are teaching financial literacy courses.

AI Summary

This bill requires the Hawaii Department of Education to develop and implement a comprehensive financial literacy curriculum for all public school students from kindergarten through twelfth grade, beginning with the 2026-2027 school year. For students in kindergarten through eighth grade, the curriculum will introduce age-appropriate financial concepts such as credit, borrowing, and financial management. For high school students (grades 9-12), the bill mandates a mandatory half-credit financial literacy course as a graduation requirement, which will cover more advanced topics like credit cards, mortgages, educational financing, and credit reporting, using national economic education standards. The curriculum will be integrated across appropriate courses and grade levels, and the Board of Education will be responsible for providing professional development to teachers to ensure they are qualified to teach these financial literacy courses. The bill's purpose is to address the historical gap in financial education and prepare students to be financially responsible adults by equipping them with essential money management skills.

Committee Categories

Education

Sponsors (14)

Last Action

Carried over to 2026 Regular Session. (on 12/08/2025)

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