Gov. Ron DeSantis on Tuesday signed into law a bill that requires Florida high school students to take a financial literacy class to graduate.
The Legislature formally sent the bill to DeSantis on Monday.
The measure (SB 1054) was unanimously approved during the 2022 legislative session, which ended last week.
Students entering high-school in the 2023-2024 academic year will be required to take a half-credit course in “personal financial literacy and money management.”
The measure also would reduce the number of required electives for high school students to 7 credits, from the currently required eight credits.
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The financial literacy course will required to cover concepts such as types of bank accounts and how to manage accounts, credit and credit scores, completing loan applications and types of savings and investments.
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