Bill > A04433

This bill requires all public and private schools in New York to provide a comprehensive financial literacy education program for eleventh-grade students pursuing a regents, local, or advanced regents diploma. The program can be implemented either by incorporating financial literacy coursework into an existing course or by establishing a dedicated financial literacy course. Schools must cover at least 16 specific topics, including taxes, student loans, car loans, mortgages, debt, interest rates, credit cards, bank accounts, budgeting, investing, retirement accounts, foreclosure, bankruptcy, and insurance. While schools have flexibility in determining the curriculum's structure and order, they must ensure substantial and appropriate time is spent on these topics. The bill mandates that the commissioner of education will provide sample instructional materials and resources to support schools in implementing this financial literacy requirement. The law will take effect 180 days after becoming official, with immediate authorization for developing necessary implementation regulations.

Education

https://www.nysenate.gov/legislation/bills/2025/A4433