SB 20-184

  • Colorado Senate Bill
  • 2020 Regular Session
  • Introduced in Senate Mar 11, 2020
  • Passed Senate Mar 11, 2020
  • House
  • Governor

Add To Public School Financial Literacy Standards

Abstract

The bill directs the state board of education (state board) to review, during the first review of standards performed after July 1, 2021, standards relating to the knowledge and skills that a student should acquire in school to ensure that the financial literacy standards for ninth through twelfth grade include an understanding of the costs associated with obtaining a postsecondary degree or credential and how to budget for and manage the payment for those costs, including managing student loan debt; understanding credit cards and credit card debt; and understanding retirement plans, including investments and retirement benefits. The bill adds to the resources contained in the existing financial literacy resource bank created and maintained by the state board specific references relating to assessing the affordability of higher education and how to budget and pay for higher education, as well as how to manage student loan debt; understanding credit cards and credit card debt; and understanding retirement plans, including investments and retirement benefits. Under current law, school districts are encouraged to adopt a financial literacy curriculum and to make completion of a course in financial literacy a graduation requirement. The bill adds assessing the affordability of higher education and how to budget and pay for higher education, as well as how to manage student loan debt, to the suggested financial literacy curriculum, as well as familiarizing students with the process and required forms to apply for financial aid, grants, and scholarships. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Bill Sponsors (4)

Votes


Mar 11, 2020

Actions


May 26, 2020

House

House Committee on Education Postpone Indefinitely

Education

Mar 11, 2020

House

Introduced In House - Assigned to Education

  • Introduction
Education

Senate

Senate Third Reading Passed - No Amendments

Mar 10, 2020

Senate

Senate Second Reading Passed - No Amendments

Mar 05, 2020

Senate

Senate Committee on Education Refer Unamended - Consent Calendar to Senate Committee of the Whole

  • Committee-Passage
Education

Feb 25, 2020

Senate

Introduced In Senate - Assigned to Education

  • Introduction
Education

Bill Text

Bill Text Versions Format
Reengrossed (03/11/2020) PDF
Engrossed (03/10/2020) PDF
Introduced (02/25/2020) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note FN1 (03/03/2020) PDF
Fiscal Note FN2 (06/29/2020) PDF

Sources

Data on Open States is updated nightly from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.