Ind. Code § 20-30-5-19
Personal financial responsibility instruction; requirements of course
Redline — January 1, 2018 → current.View current text →
Current — January 1, 2025
As of January 1, 2018
Sec. 19. (a) Each school corporation, charter school, and accredited nonpublic school shall include in its curriculum for all students in grades 6 through 12 instruction concerning personal financial responsibility.
Sec. 19. (a) Each school corporation, charter school, and state accredited nonpublic school shall include in its curriculum for students enrolled in grade 8, 9, 10, 11, or 12 instruction concerning personal financial responsibility.
(b) A school corporation, a charter school, and an accredited nonpublic school may meet the requirements of subsection (a) by:
(b) A school corporation, a charter school, and a state accredited nonpublic school must meet the requirements of subsection (a) by providing instruction on personal financial responsibility as a separate subject that addresses the following content areas:
(1) integrating, within its curriculum, instruction; or
(2) conducting a seminar;
that is designed to foster overall personal financial responsibility.
(1) Basic principles of:
(A) money management, such as:
(i) spending and saving;
(ii) types of bank accounts;
(iii) opening and managing a bank account; and
(iv) assessing the quality of a depository institution's services;
(B) debt management;
(C) receiving an inheritance and related implications;
(D) savings, retirement, and investment accounts;
(E) federal and state income tax returns; and
(F) local tax assessments.
(2) Personal insurance policies.
(3) Loan applications.
(4) Interest rate computations.
(5) Credit and credit scores.
(6) Simple contracts.
(c) The state board shall adopt a curriculum that ensures personal financial responsibility is taught:
(c) The state board shall adopt a curriculum that ensures personal financial responsibility is taught:
(1) in a manner appropriate for each grade level; and
(1) in accordance with the requirements of subsection (b); and
(2) as a separate subject or as units incorporated into appropriate subjects;
(2) as a separate subject;
as determined by the state board.
as determined by the state board.
(d) This subsection applies to an individual who is a student in a cohort that is expected to graduate in 2028 or thereafter from a school described in subsection (a). Beginning in 2028, an individual to whom this subsection applies must successfully complete instruction on personal financial responsibility, as described in subsection (b), as a separate subject to be eligible to graduate from high school.
(e) The state board may allow a personal financial responsibility course described in this section to satisfy one (1) or more diploma course or competency requirements.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.