Bill > A05052

This bill requires all high schools in New York State to provide a mandatory financial literacy course for students in grades nine through twelve, which must cover a comprehensive range of personal finance topics including budgeting, wages and taxes, savings and investments, debt management, credit scores, insurance, tenant rights, and the financial considerations of major purchases like automobiles and homes. The course will be taught on a pass/fail basis and will not impact a student's grade point average. Critically, passing this financial literacy course will become a condition for high school graduation, with a specific exemption for students with individual education plans who have disabilities, as defined by state law. School districts will be responsible for providing the necessary facilities, learning materials, and curriculum resources to effectively teach this course. The bill is set to take effect on the first of July following its enactment, marking a significant step towards ensuring that high school students in New York gain essential financial knowledge before entering adulthood.

Education

https://www.nysenate.gov/legislation/bills/2025/A5052