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Financial Literacy 2019 Legislation

The state of Florida proffers a list of grant programs and monetary assistance plans for its economically constrained residents. Amends language enacted by 2018 Iowa Acts, SF 475, which adds a requirement that school districts and accredited nonpublic schools offer and teach a half unit of coursework in personal finance literacy, and which students must complete as a condition of graduation.
They'll seek out high quality PD, spend their evenings and weekends polishing their curricula, and find innovative pedagogical models to make their classes the best they can be. They start small with an elective, add sections as word spreads about their awesome course and ultimately their school community coalesces around this belief that ALL students should have this course.



Jump$tart Coalition National Partners and affiliated State Coalitions work collaboratively to advance the financial literacy of preschool through college-age youth through public advocacy and awareness, and by promoting and supporting effectiveness in financial education.
For instance, said Lovett, we ended up getting some students that were marketing majors to help with marketing and promotion.” The program added engineering students because they have a completely different mindset in how they process and do things.” And finally, psychology students, too, for more obvious reasons.
This year, Arizona enacted S.B. 1442 , which requires the superintendent of public instruction to establish a State Seal of Personal wealth literacy Finance Proficiency Program to recognize public school students graduating with a high level of proficiency in financial literacy.

If all Florida students leave school equipped with a solid standards-based personal finance course, supported by teacher training and course assessment, the next generation of Floridians will have the tools they need to manage their money, the knowledge necessary to achieve their financial goals from college to retirement, and the ability to be productive employees and contributors to the state's economy,” said Michael L. Bell, Executive Director, Florida Council on Economic Education.
This bill: defines terms; amends provisions related to an end-of-course assessment for a general financial literacy course, including provisions related to: the State Board of Education providing certain online resources a student may access to prepare for the end-of-course assessment; and local education agency administration of the end-of-course assessment; enacts provisions related to an alternative assessment that evaluates a student's knowledge of financial literacy, including provisions related to: a local education agency's option to adopt an alternative assessment; and the standards and objectives of an alternative assessment; and makes technical and conforming changes.

Learn more about the critical need for financial literacy education for Florida's secondary school students, the resources available to help school districts meet the challenge, and how other jurisdictions are succeeding in implementing effective personal finance education in their schools.
Alters homebuyer education requirements for a loan recipient in the Down Payment and Settlement Expense Loan Program in the Department of Housing and Community Development; establishes specified requirements for the Department's homebuyer education requirements; provides that specified provisions do not alter or preempt the authority of a political subdivision to establish homebuyer education or counseling requirements for a down payment assistance program operated by the political subdivision.
The new results on financial literacy from the Program of International Student Assessment, or PISA, showed that that only 9.4 percent of U.S. 15-year-olds were able to correctly answer the test's most difficult questions—such as on topics like loan refinancing.
The components of personal financial literacy covered in the standards and objectives shall include: understanding loans, borrowing money, interest, credit card debt, and online commerce; rights and responsibilities of renting or buying a home; saving, investing and planning for retirement; banking and financial services; balancing a checkbook; state and federal taxes; paying for postsecondary education; and charitable giving.

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