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Bill > HB1192


CO HB1192

CO HB1192
Financial Literacy Graduation Requirement


summary

Introduced
02/10/2025
In Committee
05/05/2025
Crossed Over
05/16/2025
Passed
05/16/2025
Dead
Signed/Enacted/Adopted
05/23/2025

Introduced Session

2025 Regular Session

Bill Summary

CONCERNING FINANCIAL LITERACY REQUIREMENTS AS A CONDITION OF HIGH SCHOOL GRADUATION IN PUBLIC SCHOOLS, AND, IN CONNECTION THEREWITH, MAKING AN APPROPRIATION.

AI Summary

This bill establishes a new financial literacy graduation requirement for Colorado high school students, mandating that starting in the 2027-28 school year, students must complete a course that incorporates all of the state's financial literacy standards and receive exposure to financial aid application tools. The legislation requires school districts to include a financial literacy course as a graduation requirement and ensure that students have the opportunity to practice filling out federal (FAFSA) or state (CASFA) financial aid applications during their graduation year, with provisions allowing students or parents to opt out if they choose. The bill provides funding for school districts to implement these requirements, with $210,389 appropriated to the Department of Education for supporting local financial literacy initiatives in the 2025-26 fiscal year. Additionally, the legislation emphasizes the importance of financial literacy education by highlighting how understanding financial aid applications can help students access postsecondary education opportunities and support their career pathways. The bill also allows for some flexibility, noting that students are not required to complete financial aid applications if they or their parents decline, or if school personnel determine it is not feasible. The new requirements aim to empower students with comprehensive financial management skills and improve their understanding of educational and career opportunities.

Committee Categories

Budget and Finance, Education

Sponsors (40)

Jennifer Bacon (D)* Jeff Bridges (D)* Lisa Frizell (R)* Tony Hartsook (R)* Shannon Bird (D),  Andrew Boesenecker (D),  Jarvis Caldwell (R),  Sean Camacho (D),  Michael Carter (D),  Chad Clifford (D),  Lisa Cutter (D),  Monica Duran (D),  Regina English (D),  Tony Exum (D),  Meg Froelich (D),  Lorena García (D),  Lori Garcia Sander (R),  Lindsay Gilchrist (D),  Ryan Gonzalez (R),  Nick Hinrichsen (D),  Jamie Jackson (D),  Junie Joseph (D),  Cathy Kipp (D),  Mandy Lindsay (D),  Bob Marshall (D),  Julie McCluskie (D),  Dafna Michaelson Jenet (D),  Jacqueline Phillips (D),  Naquetta Ricks (D),  Manny Rutinel (D),  Matt Soper (R),  Tammy Story (D),  Rick Taggart (R),  Brianna Titone (D),  Alex Valdez (D),  Katie Wallace (D),  Michael Weissman (D),  Jenny Willford (D),  Faith Winter (D),  Steven Woodrow (D), 

Last Action

Governor Signed (on 05/23/2025)

bill text


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bill summary

Document Type Source Location
State Bill Page https://leg.colorado.gov/bills/hb25-1192
Fiscal Note FN5 https://leg.colorado.gov/sites/default/files/documents/2025A/bills/fn/2025a_hb1192_f1.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_1192_enr.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_1192_rer.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_1192_rev.pdf
Senate Education Amendment L.023 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/7599E694BC64E03E87258C8100531EC7/HB1192_L.023.pdf
Fiscal Note FN4 https://leg.colorado.gov/sites/default/files/documents/2025A/bills/fn/2025a_hb1192_r4.pdf
Fiscal Note FN3 https://leg.colorado.gov/sites/default/files/documents/2025A/bills/fn/2025a_hb1192_r3.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_1192_ren.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_1192_eng.pdf
House Appropriations Amendment J.002 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/9366FDA2289EC14487258C7600827A5C/HB1192_J.002.pdf
House Appropriations Amendment L.018 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/F8F89F1F2DE4989887258C760070B87B/HB1192_L.018.pdf
Fiscal Note/Analysis - Budget Staff Analysis SA1 https://leg.colorado.gov/sites/default/files/documents/2025A/bills/fn/2025a_hb1192_hse.pdf
Fiscal Note FN2 https://leg.colorado.gov/sites/default/files/documents/2025A/bills/fn/2025a_hb1192_r2.pdf
Fiscal Note MEMO1 https://leg.colorado.gov/sites/default/files/documents/2025A/bills/fn/2025a_hb1192_l_006.pdf
House Education Amendment L.006 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/C600D1857082BBDD87258C45005DFA31/HB1192_L.006.pdf
House Education Amendment L.007 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/58B1A52EC1547DED87258C4500005E74/HB1192_L.007.pdf
House Education Amendment L.010 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/AD610B79DA753D4687258C46001025E9/HB1192_L.010.pdf
House Education Amendment L.002 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/52C13E1FE7C2876B87258C42006E744B/HB1192_L.002.pdf
House Education Amendment L.001 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/2D673E4F9A49C38987258C420071ED4F/HB1192_L.001.pdf
Fiscal Note FN1 https://leg.colorado.gov/sites/default/files/documents/2025A/bills/fn/2025a_hb1192_00.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_1192_01.pdf
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