In 2023, Louisiana will join West Virginia, Indiana, Minnesota, and Connecticut in mandating personal finance courses
Louisiana Becomes 22nd State To State Personal Finance Course Now Mandatory for High School Students
Louisiana Becomes 22nd State: Louisiana House Bill 103, a bipartisan bill, has been signed into law by Governor John Bel Edwards, making Louisiana the 22nd state to mandate a personal finance course for high school pupils. Supporters, such as the NGPF Mission 2030 Fund, commended the initiative. In 2023, Louisiana will join West Virginia, Indiana, Minnesota, and Connecticut in mandating personal finance courses for high school graduates.
The author of HB 103, Representative Nicky Muscarello, stated, “In a world where your credit score can sometimes carry more weight than your character, financial literacy is more important than ever.” “Louisiana was the second least financially proficient state in the United States in 2023. We needed to address the issue. This legislation will transform our students’ lives.”
According to research, high school personal finance courses have a positive effect on student debt decisions and credit scores, help graduates avoid predatory lenders, increase savings rates among instructors, and generate positive spillover effects for parents.
Dr. Cade Brumley, Louisiana’s state superintendent of education, remarked, “As I’ve traversed the state, I’ve found that financial literacy is a major concern for all walks of life.” This legislation was a top priority for us, and I appreciate Representative Muscarello’s assistance in getting it passed.
The Louisiana Jump$tart Coalition’s Blaine Grimes stated, “So many people have invested so much in making this a reality at last.” “Our founding President, Ken Uffman, walked the halls of the Louisiana State Capitol for his entire adult existence. I am confident he is advocating financial literacy in Heaven and smiling down on us.”
The NGPF Mission 2030 Fund, a non-profit organisation that advocates for this policy in all states, supported the bill and offered technical assistance.
Tim Ranzetta, co-founder of Next Gen Personal Finance, stated, “We’re excited to see Louisiana join the growing number of states that recognise the importance of financial education in preparing students for the real world.” With 119 sponsors, a unanimous vote from the House of Representatives, and a vote of 35 to 2 in the Senate, Louisiana continues its trend of extraordinary bipartisan support for this policy.
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Next Gen Personal Finance is a nonprofit organisation dedicated to ensuring that all secondary school students receive a personal finance course. NGPF has become a “one-stop shop” for over 80,000 educators who use NGPF’s free, engaging personal finance curriculum to equip their students with the skills necessary for future success and free teacher professional development to create confidence and content expertise. Common Sense Education has recognised NGPF as a “Top Website for Teachers to Find Lesson Plans.”
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The Mission 2030 Fund is a nonprofit organisation affiliated with Next Gen Personal Finance that advocates for financial literacy in state legislatures.
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