WESLEY CHAPEL, Fla. — Florida Gov. Ron DeSantis signed a bill making financial literacy a requirement for high school students to graduate.
What You Need To Know
- Florida high schools now required to take a financial literarcy course before graduating
- Gov. DeSantis signed the Dorothy L. Hukill Financial Literacy Act into law March 22
- The course provides a foundation for students to learn about money management, debt, and investing.
- The law will go into effect for the 2023-2024 school year
DeSantis signed the bill Tuesday during a news conference at Innovation Preparatory Academy in Wesley Chapel. The governor said that the course provides a foundation for students to learn about money management, debt, and investing.
"To be able to be well versed in financial literacy — that is really going to help you," DeSantis expressed during the news conference.
Senate Bill 1054, also known as the Dorothy L. Hukill Financial Literacy Act, requires a half-credit of instruction for personal financial literacy and money management for a student to receive a high school diploma. The bill also reduces the number of elective credits from eight to seven and a half.
"We think that it'll help improve students' ability for financial management for when they end up in the real world, but also using these skills as pathways to high demand fields," DeSantis continued.
This will also make Florida the seventh state to require a separate course on personal financial literacy for graduation.
Governor Desantis just signed the bill that will require students to take a financial literacy class to graduate. He says this will help students in the “real world” by teaching them about money management, debt, investing, etc. @BN9 pic.twitter.com/qkiMID9yN1— Fallon Silcox (@FallonSilcox) March 22, 2022
Students will have to take the new course in the 2023 - 2024 school year.
Details about the bill can be found on the Florida Senate’s website.