Bill > A08733

This bill mandates comprehensive financial literacy education across New York's educational system, targeting students from elementary through higher education levels. For elementary and middle schools (grades 4-8), the state board of regents must develop age-appropriate financial literacy learning standards integrated into mathematics curriculum, covering topics like saving, budgeting, understanding income, and basic financial institutions. For high schools, all public, charter, and nonpublic schools must offer and require students to complete a one-semester financial literacy course covering areas such as personal budgeting, banking services, credit, loans, investments, insurance, consumer protection laws, and taxes. At the state university (SUNY) and city university (CUNY) levels, the bill requires developing a comprehensive financial literacy course that will become a graduation requirement for all undergraduate students, which can be delivered as part of general education, a standalone course, or an integrated module. The course must cover personal financial management, long-term planning, and societal financial impacts. Additionally, both SUNY and CUNY trustees must submit biennial reports detailing the implementation, enrollment, completion rates, and student feedback for these financial literacy initiatives. The bill is designed to enhance students' financial knowledge and preparedness across various educational stages.

Education

https://www.nysenate.gov/legislation/bills/2025/A8733