summary
Introduced
02/10/2025
02/10/2025
In Committee
05/05/2025
05/05/2025
Crossed Over
05/16/2025
05/16/2025
Passed
05/16/2025
05/16/2025
Dead
Signed/Enacted/Adopted
05/23/2025
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)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...