The bill mandates the following changes related to high school graduation requirements:
Financial Literacy Course:
It requires successful completion of a course in financial literacy as a condition for high school graduation. While current law encourages school districts and charter schools to adopt this as a requirement, the bill makes it mandatory.
Application for Financial Aid:
The bill also requires that students submit either a Free Application for Federal Student Aid (FAFSA) or a Colorado application for state financial aid as a condition of high school graduation, unless certain exceptions apply. This aims to encourage students to pursue higher education and apply for financial aid to support their post-graduation plans.
This change is designed to promote financial literacy among students and increase access to higher education funding.
Summary
Current law encourages each school district board of education or
charter school to adopt successful completion of a course in financial literacy as a graduation requirement. The bill requires successful completion of a course in financial literacy as a condition of high school graduation.
The bill requires submission of a free application for federal student aid or a Colorado application for state financial aid as a condition of high school graduation unless an exception applies.
